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VOL. 40 | NO. 48 | Friday, November 25, 2016
Dow, S&P 500 set records; Nasdaq slips
NEW YORK (AP) — The Dow Jones industrial average and the Standard & Poor's 500 index closed at record highs again but the Nasdaq composite fell, dragged down by declines in big technology names.
HP sank 7 percent Wednesday after releasing a weak profit forecast.
Eli Lilly plunged 11 percent after it said a potential treatment for Alzheimer's disease failed in a clinical trial.
Trading was quiet ahead of Thanksgiving.
The Dow rose 58 points, or 0.3 percent, to 19,082. The S&P 500 rose 1 point, or 0.1 percent, to 2,204. The Nasdaq declined 5 points, or 0.1 percent, to 5,380.
Small-company stocks continued to outpace the market. The Russell 2000 rose for the 14th trading day in a row.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.36 percent.