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Dow, S&P 500 Close at Record Highs

Nasdaq falls
By Newser Editors and Wire Services
Posted Nov 23, 2016 3:16 PM CST
Dow, S&P 500 Close at Record Highs
Trader Eugene Mauro, foreground right, works on the floor of the New York Stock Exchange, Tuesday, Nov. 22, 2016.   (AP Photo/Richard Drew)

(Newser) – The Dow Jones industrial average and the Standard & Poor's 500 index closed at record highs again Wednesday but the Nasdaq composite fell, dragged down by declines in big technology names, the AP reports. HP sank 7% Wednesday after releasing a weak profit forecast. Eli Lilly plunged 11% after it said a potential treatment for Alzheimer's disease failed in a clinical trial. Trading was quiet ahead of Thanksgiving. The Dow rose 58 points, or 0.3%, to 19,082. The S&P 500 rose 1 point, or 0.1%, to 2,204. The Nasdaq declined 5 points, or 0.1%, to 5,380. (Read more stock market stories.)

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