Story Stocks
Stocks closed mostly lower Thursday, even as big gains for blue chip banking and oil stocks helped drive the Dow Jones industrial average to a record high. The Standard & Poor’s 500 index edged lower. The Nasdaq composite slumped. Technology stocks posted the biggest losses, followed by real estate companies. High-dividend stocks also fell. Rising bond yields make those stocks less attractive to investors seeking income. Stock indexes have set records since last month’s presidential election, but they’ve wobbled lately as different industries get pulled in opposite directions. Investors also eyed on the latest company earnings and deal news.