S&P 500, Nasdaq Close at Record Highs

Dow falls 32
By Newser Editors and Wire Services
Posted May 10, 2017 3:11 PM CDT
S&P 500, Nasdaq Close at Record Highs
Five Point Holdings Chairman and CEO Emile Haddad, center, rings a ceremonial bell, and is applauded by New York Stock Exchange President Tom Farley, right, as his IPO starts trading on the floor of the NYSE, Wednesday, May 10, 2017.   (AP Photo/Richard Drew)

Stocks are closing higher as energy companies rally with the price of oil, the AP reports. Technology companies also rose. The meager gains Wednesday were enough to mark new all-time highs for the Standard & Poor's 500 index and the Nasdaq composite. The Dow Jones industrial average was dragged down by drops in Disney and Boeing. Among gaining stocks, Chesapeake Energy jumped 6.5%. Chipmaker Nvidia soared 18% after reporting earnings that were higher than analysts were expecting. The S&P 500 index rose 2 points, or 0.1%, to 2,399, a fraction of a point above its most recent record. The Dow lost 32 points, or 0.2%, to 20,943. The Nasdaq composite rose 8 points, or 0.1%, to 6,129, its fourth record close in a row. (More stock market stories.)

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