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VOL. 48 | NO. 34 | Friday, August 23, 2024
Dow closes at a record even as losses for Big Tech pull S&P 500, Nasdaq lower
The Associated Press
The Dow Jones Industrial Average closed at a record high on Wall Street, even as losses for Big Tech companies pulled the S&P 500 and the Nasdaq composite lower.
The Dow edged up 0.2% Monday, enough to beat the all-time high it set last month. The S&P 500 lost 0.3%. and the Nasdaq composite pulled back 0.9%.
The mixed trading came at the start of a week featuring another full slate of corporate earnings and the government's latest inflation reading.
Nvidia is among several companies reporting their latest results this week.
The government serves up its latest report on inflation Friday.