S&P 500 posts its sixth straight quarterly gain

Associated Press |

NEW YORK (AP) — U.S. stocks are closing out another strong quarter, giving the Standard & Poor's 500 index its sixth straight quarterly gain.

The market was mixed on the day as trading was muted ahead of the July 4th holiday in the U.S.

The S&P 500 edged down less than a point to close at 1,960 Monday, two points below the record high it set on June 20.

The Dow Jones industrial average lost 25 points, or 0.2 percent, to 16,826. The Nasdaq composite rose 10 points, or 0.2 percent, to 4,408.

Homebuilder stocks rose following a report that the number of Americans who signed contracts to buy homes shot up in May. D.R. Horton gained 3 percent.

Bond prices rose. The yield on the 10-year Treasury note edged down to 2.52 percent.

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