Dow and S&P 500 Closed at New Record Highs

U.S. stocks ended mostly higher on Wednesday, with the Dow Jones Industrial Average and the S&P 500 in another day of record
highs. The Dow  rose 24.45 points, or 0.13%, to 18,372.12. The S&P 500 advanced 0.29 point, or 0.01%, to 2,152.43. The Nasdaq Composite declined 17.09 points, or 0.34%, to 5,005.73.

Treasury prices rose Wednesday, leading yields to fall across the board, after an auction of 30-year Treasurys saw strong demand,
leading the bonds to be sold at the lowest yield in history. The benchmark 10-year Treasury yield fell 4.4 basis points to 1.468%, while the yield on the 2-year note fell 1.6 basis points to 0.669%.

The U.K. vote to leave the European Union is causing concern among businesses in certain pockets of the U.S., a Federal Reserve
report said Wednesday.

Yum Brands Inc.(YUM) topped Wall Street earnings estimates for the second quarter. The company reported adjusted earnings of 75
cents a share on revenue of $3.01 billion. Due to strong first-half results from China, Yum CEO Greg Creed raised his full-year core operating profit growth forecast to at least 14% from a previous 12%.