Share this story...
Latest News

US stock indexes close slightly higher a day after a drop

Traders gather at a post on the floor of the New York Stock Exchange Thursday, May 7, 2015. U.S. stocks are opening mostly lower, pushing the Dow Jones industrial average into the red for the year. (AP Photo/Richard Drew)

NEW YORK (AP) — U.S. stock prices are closing moderately higher, recovering from a sell-off the day before.

Investors remained cautious Thursday following comments a day earlier from Federal Reserve Chair Janet Yellen, who suggested that stock prices might be too high.

The Dow Jones industrial average rose 82 points, or 0.5 percent, to 17,924. The index is coming off of two days of losses and is up less than 1 percent for the year.

The Standard & Poor’s 500 index seven points, or 0.4 percent, to 2,088. The Nasdaq increased 25 points, or 0.5 percent, to 4,945.

Whole Foods slumped 10 percent after its sales fell short of estimates.

Crude oil dropped 3 percent to $58.94 a barrel.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.19 percent.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.