NEW YORK — Stocks ended slightly lower on Wall Street, pushing the Dow Jones industrial average to its fifth loss in a row.
Utilities and real estate companies fell the most today. Those high-dividend sectors have the most to lose from rising bond yields, which give investors other options for seeking income.
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The yield on the 10-year Treasury rose to 2.47 percent. Yields have been rising as investors expect inflation to increase.
CSX soared 23 percent following news that the railroad operator is being targeted for a shakeup by an activist investor.
The Standard & Poor’s 500 index lost 8 points, or 0.4 percent, to 2,263.
The Dow Jones industrial average gave back 72 points, or 0.4 percent, to 19,732. The Nasdaq composite declined 15 points, or 0.3 percent, to 5,540.
First Published January 19, 2017, 9:18 p.m.