THE DOW and the S&P 500 eked out record closing highs again last night, while the Nasdaq resumed its recent slide, dragged down by
The S&P 500 briefly rose above 1,900 for the first time early in the session, but quickly gave back some of its gains. In contrast, the Russell 2000 index of small-cap stocks fell 1.1 per cent.
The Dow Jones industrial average rose 19.97 points or 0.12 per cent, to 16,715.44, its third straight record closing high. The Dow also set an intraday record at 16,735.51.
The S&P 500 gained just 0.8 of a point or 0.04 per cent, to 1,897.45, its second straight record closing high. The S&P 500 also advanced during the session to 1,902.17, a lifetime intraday high.
The Nasdaq Composite dropped 13.69 points or 0.33 per cent, to close at 4,130.165.
Homebuilders' shares gained and the common stock of mortgage finance giants
New economic data did little to change the view that the American economy is poised for faster growth this quarter. Retail sales rose 0.1 per cent in April, less than expected, though the March reading was revised upward.
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