U.S. stock indexes capped another quiet day on Wall Street Wednesday with slight gains, recouping some of the market’s modest losses from a day earlier.
Technology, health care and industrials stocks accounted for much of the gain. A report showing that pending U.S. home sales inched higher last month helped lift homebuilder shares.
Retailers and consumer-goods manufacturers declined the most, following a late-afternoon slide. Energy stocks also fell along with the price of crude oil. Bond yields fell following a report showing U.S. consumer confidence dipped this month.
The Standard & Poor’s 500 index gained 2.12 points, or 0.1 percent, to 2,682.62. The Dow Jones industrial average added 28.09 points, or 0.1 percent, to 24,774.30. The Nasdaq rose 3.09 points, or 0.04 percent, to 6,939.34. The Russell 2000 index of smaller-company stocks lost 0.29 points, or 0.02 percent, to 1,543.94.
Wednesday was another quiet, post-holiday day for the markets, though a couple of economic reports helped drive some trades.
The National Association of Realtors said signed contracts to buy U.S. homes increased 0.2 percent in November. Most homebuilder shares moved higher after the report. LGI Homes led the pack, climbing $2.47, or 3.4 percent, to $75.46.
Separately, the Conference Board said its latest consumer confidence index declined slightly this month, just missing analysts’ forecasts. The decline in the index drove a pickup in bond purchases, sending prices higher. The yield on the 10-year Treasury slid to 2.41 percent from 2.48 percent late Tuesday.
Technology stocks were among the biggest gainers Wednesday. Qorvo was up the most, adding $1.36, or 2.1 percent, to $67.26.
Several health sector stocks also notched gains. Envision Healthcare picked up 82 cents, or 2.4 percent, to $34.56.
Shares in Macy’s and other big retail chains declined a day after scoring gains on strong year-end season sales. Macy’s slid $1.21, or 4.5 percent, to $25.64, while Kohl’s lost $1.58, or 2.8 percent, to $55.29.
Callaway Golf tumbled 6.9 percent after the company said it invested another $20 million in entertainment company Topgolf, giving it a 14-percent stake. Callaway lost $1.04 to $14.02.
Benchmark U.S. crude dropped 33 cents to settle at $59.64 a barrel on the New York Mercantile Exchange. Brent crude, which is used to price international oils, slipped 58 cents to close at $66.44 per barrel in London.
The slide weighed on oil producers and other energy companies. Chesapeake Energy fell 12 cents, or 3 percent, to $3.88.
Gold added $3.90 to $1,291.40 an ounce. Silver gained 15 cents to $16.76 an ounce. Copper was little changed at $3.28 a pound.
The dollar rose to 113.26 yen from 113.18 yen on Tuesday. The euro strengthened to $1.1899 from $1.1867.
The price of bitcoin fell 3.9 percent to $15,125 as of 4:50 p.m. ET, according to CoinDesk. Bitcoin futures on the Cboe Futures Exchange slid 5.5 percent to $14,945. The futures contracts allow investors to make bets on the future price of bitcoin.
In other energy futures trading, wholesale gasoline was little changed at $1.79 a gallon. Heating oil was flat at $2.04 a gallon. Natural gas rose 10 cents, or 3.6 percent, to $2.74 per 1,000 cubic feet.