Small gains on Wall Street on positive day for retailers

Posted: Sep. 12, 2017 8:00 am Updated: Sep.

Wall Street slipped in early trade on Wednesday, after a two-day rally that pushed stocks to new heights.

The Dow Jones industrial average climbed 61 points, or 0.3 percent, to 22,118.

The Russell 2000 is up 27.47 points, or 2 percent.

The Russell 2000 index of smaller-company stocks added 3.43 points, or 0.2 percent, to 1,426.89.

The Nasdaq fell 0.22% to 6440.1 points.

Wall Street has been eking out record highs for most of this year, recovering from periodic setbacks caused by turmoil in Washington, questions over US interest rate hikes and doubts about the Trump administration to push through its pro-business reforms, and lately, tensions over North Korea.

The Standard & Poor's 500 index finished at an all-time high Monday and other major indexes are also trading near their recent highs.

The Nasdaq jumped to a close of 6,460.19, 5.91 higher than it opened, while the S&P 500 gained 1.89 to close trading at 2,498.37.

At the final bell, worldwide benchmark Brent crude was up 1.6 percent to trade at $55.19 per barrel.

Banks were benefiting Tuesday from higher bond yields, which allow them to charge higher interest rates on loans.

Micron Technology was up more than 1 percent after Goldman Sachs upgraded the stock to "buy" from "neutral".

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