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Dow Inches Up to New Record as S&P 500, Nasdaq Edge Down

Russell 200 index of smaller companies sinks 1.3%
By Newser Editors and Wire Services
Posted Nov 7, 2017 3:16 PM CST

(Newser) – Stocks are closing mostly lower as smaller companies and banks took their worst losses in a few months, the AP reports. Online travel company TripAdvisor tumbled 22% and competitor Priceline fell 14% Tuesday after TripAdvisor reported weak revenue and Priceline's quarterly forecast disappointed investors. The Russell 200 index of smaller companies sank 1.3%. Real estate companies and other big dividend payers fared better. Shopping mall operator GGP rose 16% after Bloomberg reported that Brookfield Asset Management may take it private. The Standard & Poor's 500 index was nearly unchanged at 2,590. The Dow Jones industrial average inched up 8 points to another record high of 23,557. The Nasdaq composite fell 18 points, or 0.3%, to 6,767. (Read more stock market stories.)

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