Losses For Drugmakers Pull Us Stocks Mostly Lower

NEW YORK (AP) — U.S. stocks are mixed Wednesday morning as large drugmakers take losses and most other industries move slightly higher. Bond yields are falling, and investors are buying stocks that pay large dividends. Real estate company Prologis rose $1.11, or 2.2 percent, to $51.81 and energy company Exelon added 46 cents, or 1.4 percent, to $33.51. Dave & Buster's Entertainment, which owns a chain of restaurants and arcades, reported a bigger profit and higher sales than analysts had expected. Hard drive maker Western Digital climbed $3.10, or 4.9 percent, to $66.95 after it extended a patient licensing deal with Samsung. Western Digital raised its revenue outlook after making the announcement. Handbag and accessories maker Vera Bradley sank after it posted weak results and issued a disappointing outlook for the current quarter. Japan's benchmark Nikkei 225 rose 0.7 percent and the South Korean Kospi inched up 0.1 percent.

Topics:  york ap     u.s   bond   real   prologis   dave    buster's entertainment   hard   samsung   handbag   vera bradley   japan   nikkei   south korean kospi   western digital   losses   drugmakers   stocks   percent   rose   large   company   outlook   higher   

 

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