Dow ekes out another record close even as other indexes slip

Source: AP-Excite

By ALEX VEIGA

The Dow Jones industrial average notched its third record high close in a row Wednesday, even as other market indexes ended lower.

Trading was relatively subdued as investors reviewed the latest corporate earnings news. Utilities stocks were among the biggest decliners. Energy stocks rebounded as oil prices broke a five-day slide and climbed back above $50 a barrel.

Wall Street also kept an eye on Federal Reserve Chief Janet Yellen's second appearance before Congress in two days. Her remarks didn't generate any major market-moving news. A day earlier, Yellen suggested that the Fed is not in a hurry to raise interest rates.

"The market is just trying to figure out whether the next move is up or down," said David Lebovitz, global market strategist at J.P. Morgan Asset Management.

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FILE - This Jan. 4, 2010 file photo shows an historic marker on Wall Street in New York. U.S. financial markets eased back from record highs in early trading Wednesday, Feb. 25, 2015. (AP Photo/Mark Lennihan, File)

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