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
Dow Inches Up to New Record as S&P 500, Nasdaq Edge Down
Specialist Peter Mazza, left, works with traders William Lawrence, center, and Michael Milano on the floor of the New York Stock Exchange, Monday, Nov. 6, 2017.   (AP Photo/Richard Drew)

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. (More stock market stories.)

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