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Another Record Close for S&P 500

Despite meager gains
By Newser Editors and Wire Services
Posted Apr 30, 2019 3:18 PM CDT
In this Feb. 5, 2019, file photo, trader John Panin works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks managed to post meager gains on Wall Street, enough to notch another record closing high for the S&P 500 index, the AP reports. Major indexes spent much of the day wobbling or lower on Tuesday, and the S&P 500 edged up in the last few minutes of trading. Internet companies were especially weak after Google's parent company, Alphabet, slumped 7.5% after the search giant reported a slowdown in revenue growth. Household goods makers and utilities notched gains. The S&P 500 rose 2 points, or 0.1%, to 2,945. The Dow Jones Industrial Average rose 38 points, or 0.1%, to 26,592. The Nasdaq, which is heavily weighted with technology companies, fell 54 points, or 0.7%, to 8,107. (Read more stock market stories.)

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