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Dow Hovering Near Record High But Nasdaq Moves Modestly Lower

Nasdaq Pulls Back Sharply But Dow Holds On To Modest Gain

Nasdaq Pulls Back Sharply But Dow Holds On To Modest Gain WASHINGTON (dpa-AFX) - Stocks came under pressure over the course of the trading day on Wednesday after moving to the upside early in the session. Reflecting weakness among technology stocks, the tech-heavy Nasdaq led the way lower. After jumping by 1.1 percent in the previous session to its highest closing level in nearly two months, the Nasdaq slumped 138.26 points or 1 percent to 13,857.84. The S&P 500 also slid 16.93 points or 0.4 percent to 4,124.66 after reaching a new record intraday high in early trading. On the other hand, the Dow pulled back well off its best levels of the day but still closed up 53.62 points or 0.2 percent at 33,730.89. The blue chip index also set a new record intraday high before giving back ground.

U S Stocks Turning In Another Mixed Performance In Morning Trading

U.S. Stocks Turning In Another Mixed Performance In Morning Trading WASHINGTON (dpa-AFX) - After ending the previous session on opposite sides of the unchanged line, the major U.S. stock indexes are turning in another mixed performance in morning trading on Thursday. The tech-heavy Nasdaq has climbed firmly into positive territory, while the S&P 500 has edged up to a new record intraday high. Currently, the Nasdaq is up 86.92 points or 0.6 percent at 13,775.76 and the S&P 500 is up 8.17 points or 0.2 percent at 4,088.12. The narrower Dow is bucking the uptrend, however, with the blue chip index slipping 50.13 points or 0.2 percent at 33,396.13.

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