Stocks end mostly higher even as Travelers and Johnson & Johnson help pull the Dow lower

The Associated Press 0

NEW YORK, N.Y. – Stocks are ending mostly higher even as a few big-name companies pull the Dow Jones industrial average lower.

The Standard & Poor’s 500 index rose five points, or 0.3 per cent, to end at 1,843 Tuesday.

The Dow fell 44 points, or 0.3 per cent, to 16,414. Weak showings from Travelers and Johnson & Johnson helped pull the index lower.

The Nasdaq composite ended up 28 points, or 0.7 per cent, to 4,225.

Broad market indicators were mostly higher. Eight of the 10 industry sectors in the S&P 500 average rose, led by materials stocks.

Dow Chemical rose 7 per cent after the hedge fund Third Point bought a big stake in the company.

Delta increased 3 per cent after reporting a better-than-expected profit in the fourth quarter as fares and traffic rose.

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