published on June 16, 2017 - 2:12 PM
Written by Associated Press

Major stock indexes eked out tiny gains after spending much of the day in the red, but grocery stores and retailers plunged on concern about new competition as Amazon said it would buy Whole Foods.

Kroger dropped 9 percent Friday and Target, Walgreens and Wal-Mart each lost about 5 percent.

Whole Foods’ stock soared 29 percent. Amazon’s rose 2.4 percent.
The Standard & Poor’s 500 index edged up a fraction to 2,433.

The Dow Jones industrial average rose 24 points, or 0.1 percent, to 21,384, another record high close. The Nasdaq composite gave up 13 points, or 0.2 percent, to 6,151.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.15 percent.


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