Stocks Close Mostly Higher After Rally Sputters

NEW YORK (July 10, 2013)--Stocks closed closing mostly higher on Wall Street as a brief afternoon rally sputtered and trading was quiet despite the release of minutes from the latest meeting of the Federal Reserve's policy committee.

The Standard & Poor's 500 index edged up a fraction to end at 1,652 Wednesday, its fifth gain in a row.

The last time the index had five straight gains was early May, before investors started worrying that the Fed was preparing to cut its economic stimulus.

The Dow Jones industrial average gave back eight points to end at 15,291.

The Nasdaq rose 16 points, or 0.5 percent, to close at 3,520.

The yield on the 10-year Treasury note rose to 2.68 percent from 2.64 percent.

More stocks rose than fell on the New York Stock Exchange where volume was average at 3.5 billion shares.


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