
TSC 21: Index Ends Down
TheStreet.com 21 index ended lower Wednesday, while bond yields headed higher.
The index lost 8.61 points, or 0.8%, to end at 1000.23 on a day that the 10-year Treasury note yield rose to 4.57%. The
Dow Jones Industrial Average
sank 38.30 points, or 0.4%, to 9271.76, and the
Nasdaq
inched lower 0.4 point to 1686.61.
E*Trade
(ET) - Get Energy Transfer LP Report
led the 11 decliners after reporting that July trading volume fell 2% from June. Shares of the online brokerage fell 29 cents, or 3.2%, to $8.75.
Cisco
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dropped 24 cents, or 1.4%, to $17.59;
Maytag
(MYG)
shed 32 cents, or 1.3%, to $23.83; and
General Electric
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lost 31 cents, or 1.1%, to land at $28.02.
Ten stocks rose on the day, including
Tiffany
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, which posted the biggest gains on the index for the second day in a row. The jewelry store chain announced that its second-quarter earnings grew 25% on strong sales, and its shares climbed $1.13, or 3.1%, to $37.41.
Solectron
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rose 10 cents, or 2%, to $5;
Continental Airlines
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gained 25 cents, or 1.9%, to $13.36; and
Ingersoll-Rand
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added 81 cents, or 1.46%, to $56.30.
Overall, the TSC21 is virtually right back where it started on July 3.