Nasdaq Sets Another Record

As Dow Jones slips
By Newser Editors and Wire Services
Posted Jun 5, 2018 3:16 PM CDT
Trader Thomas Donato works on the floor of the New York Stock Exchange, Thursday, May 31, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks are finishing mostly higher as retailers and technology companies continue to rise, the AP reports. Macy's climbed 8% Tuesday and eBay rose 2.5%. That helped cancel out losses for banks, which fell with interest rates. Citigroup fell 0.9%. Starbucks fell 2.4% after announcing that Howard Schulz was leaving his post as chairman. The S&P 500 added 1 point, or 0.1%, to 2,748. The Dow Jones industrial average slipped 13 points, or 0.1%, to 24,799. The Nasdaq set another record as it gained 31 points, or 0.4%, to 7,637. Smaller companies continued to fare better than the rest of the market. The Russell 2000 index rose 0.7% and closed at an all-time high. (Read more stock market stories.)

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