Dow Ends Day at All-Time High

But S&P 500, Nasdaq close lower
By Newser Editors and Wire Services
Posted Oct 2, 2018 3:13 PM CDT
Trader Gregory Rowe, left, works on the floor of the New York Stock Exchange, Tuesday, Oct. 2, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks are ending mostly lower as small companies fall again, even as gains by a handful of big companies push the Dow Jones Industrial Average to an all-time high, the AP reports. Retailers, airlines and automakers fell Tuesday, dragging broad market indexes lower on Tuesday. Amazon dragged other retailers lower after saying it would raise its minimum wage for all US workers to $15 an hour, putting pressure on other companies to follow suit. Stitch Fix, an online clothing seller, plunged 35% after its user totals fell short of analysts' forecasts. The S&P 500 slipped 1 point to 2,923. The Dow rose 122 points, or 0.5%, to 26,773, driven by gains in Boeing, 3M and Caterpillar. The Nasdaq fell 37 points, or 0.5%, to 7,999. (Read more stock market stories.)

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