Dow Closes at Record High

But S&P 500, Nasdaq end lower
By Newser Editors and Wire Services
Posted Jun 9, 2017 3:11 PM CDT
Specialist Anthony Matesic, left, and trader John Panin work on the floor of the New York Stock Exchange, Friday, June 9, 2017.   (AP Photo/Richard Drew)

(Newser) – Technology stocks slumped on Wall Street but energy companies and banks rose sharply, leaving indexes uneven at the close of trading, the AP reports. The Dow Jones industrial average managed to close at another record high Friday, thanks to gains in Goldman Sachs and Chevron, which made up for a big drop in Apple. Small-company stocks did better than the rest of the market. The Russell 2000 set another record. Tech stocks, which have done far better than other industries this year, fell sharply. Apple lost 4% and Facebook gave up 3%. The Standard & Poor's 500 index slipped 2 points, or 0.1%, to 2,441. The Dow Jones industrial average rose 89 points, or 0.4%, to 21,271. The Nasdaq composite dropped 113 points, or 1.8%, to 6,207. (Read more stock market stories.)

My Take on This Story
Show results  |