– National
Stocks closed mixed Tuesday on fears of rising interest rates. Investors sold as bond yields remained high, government data showed wages rising and a Federal Reserve official warned more interest rate hikes may be needed.
The Dow Jones Industrial Average rose 22.10, or 0.2 percent, to 10,980.69. The Standard & Poor’s 500 Index dropped 2.38, or 0.2 percent, to 1,275.88. The Nasdaq Composite Index lost 17.65, or 0.8 percent, to 2,268.38.
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– Local
Local movers were led by J2 Global Communications Inc., which gained 3.6 percent to $45.46, Keystone Automotive Industries Inc., which rose 2.1 percent to $45.75, and OSI Systems Inc., which climbed 3.8 percent to $22.58. On the down side, Jacobs Engineering Group Inc. fell 6.7 percent to $78.95, Reliance Steel & Aluminum Co. lost 4.1 percent to $82.11 and Public Storage Inc. slipped 2.9 percent to $77.17.
