Nasdaq Closes at Record High, Other Indexes Close Lower

Dow, S&P 500 slip
By Newser Editors and Wire Services
Posted May 16, 2017 3:16 PM CDT
Nasdaq Closes at Record High, Other Indexes Close Lower
Traders William Lawrence, George Ettinger, and Fred Demarco, foreground left to right, work on the floor of the New York Stock Exchange, Tuesday, May 16, 2017.   (AP Photo/Richard Drew)

Stocks are closing mostly lower on Wall Street, but gains in some technology companies nudged the Nasdaq composite to another record high, the AP reports. Utilities, phone companies, and real estate companies fell more than the rest of the market Tuesday, and most industries were lower. Technology bucked the trend, and chipmaker Advanced Micro Devices soared 11.6%. Microsoft increased 2%. The Standard & Poor's 500 index fell 1 point, or 0.1%, to 2,400. The Dow Jones industrial average slipped 2 points, less than 0.1%, to 20,979. The Nasdaq composite increased 20 points, or 0.3%, to 6,169. More stocks fell than rose on the on the New York Stock Exchange. (More stock market stories.)

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