The Dow Jones Industrial Average fell 2.66 points today, 0.17%, bringing an end to a five-day winning streak. The Standard & Poor’s 500 index�was essentially flat on the day, though its 0.29 point gain was enough to edge it to a new five-year high, closing at its highest level since Dec. 28, 2007.
Boeing‘s (BA) stock closed the day down 3.4% after investors reacted badly to the latest troubles to befall the 787 Dreamliner, while Northern Trust (NTRS) was the biggest decliner on the S&P 500 after its fourth-quarter earnings missed analyst estimates.
Shares of CBS (CBS) are jumping after hours, rising 8% after the media company said it would turn its outdoor billboard company into a real estate investment trust:
Real estate investment trusts, or REITs, have become a popular method for companies to lower taxes and improve returns for investors. REITs don�t pay federal income taxes to the Internal Revenue Service, with the understanding that they distribute at least 90 percent of taxable earnings to shareholders in the form of dividends.
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