S&P 500, Nasdaq Close at New Highs

But Dow slips
By Newser Editors and Wire Services
Posted Jul 18, 2017 3:16 PM CDT
Trader Luke Scanlon, center, moves through a crowd on the floor of the New York Stock Exchange, Monday, July 17, 2017.   (AP Photo/Richard Drew))

(Newser) – US stocks were divided Tuesday as health insurers declined after the failure of the latest Republican health care bill while a big jump in subscribers for Netflix sent technology and consumer-focused companies higher, the AP reports. Stocks spent most of the day lower after the health care push stalled and several financial firms, including Goldman Sachs, reported underwhelming second-quarter results. Energy and industrial companies also slipped. While stocks flirted with larger losses and most of the companies listed on the New York Stock Exchange fell, the gains for tech and consumer stocks were enough to send the Standard & Poor's 500 index and Nasdaq composite to new highs. The S&P 500 rose 1.47 points, or 0.1%, to 2,460.61, just above the record it set Friday. The Dow Jones industrial average fell 54.99 points, or 0.3%, to 21,574.73. The Nasdaq composite climbed 29.87 points, or 0.5%, to 6,344.31. (Read more stock market stories.)

My Take on This Story
Show results  |