S&P 500, Nasdaq Close at Record Highs

Dow loses 79 points
By Newser Editors and Wire Services
Posted Jul 24, 2019 3:21 PM CDT
S&P 500, Nasdaq Close at Record Highs
In this Friday, July 19 2019, file photo Trader Fred Reimer works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

Stocks gained ground steadily and closed broadly higher on Wall Street as investors rewarded solid earnings results from several large companies, the AP reports. The S&P 500 got off to a weak start Wednesday but gained steam throughout the afternoon. Technology stocks shone the brightest, and chipmaker Texas Instruments soared 7.4% after a strong earnings report. Smaller stocks far outpaced larger ones, sending the Russell 2000 up sharply. The Dow Jones Industrial Average fell, dragged down by big drops in Boeing and Caterpillar. The S&P 500 rose 14 points, or 0.5%, to 3,019. The Dow lost 79 points, or 0.3%, to 27,269. The Nasdaq rose 70 points, or 0.8%, to 8,321. The S&P 500 and Nasdaq both closed at record highs. (Read more stock market stories.)

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