Dow Sets New Record as Other Indexes Slip; Tech Stocks Skid

NEW YORK — U.S. stocks are mostly lower Wednesday after setting records the last two days, but the Dow Jones industrial average continues to reach all-time highs. Technology stocks are lower after HP released a weak profit forecast, while strong results for Deere are lifting industrial companies. KEEPING SCORE: The Dow Jones industrial average rose 36 points, or 0.2 percent, to 19,059 as of 1 p.m. Eastern time. The Standard & Poor's 500 index skidded 1 point, or 0.1 percent, to 2,201. The Nasdaq composite lost 16 points, or 0.3 percent, to 5,370. Trading was relatively light ahead of the Thanksgiving holiday. U.S. markets will be closed Thursday and will close early on Friday. RISING RUSSELL RECORDS: The Russell 2000 index of small-company stocks, which has risen for the previous 13 trading days, fell in early trading but recovered and moved 0.3 percent higher as of early afternoon. The index has closed at a record high for eight consecutive days. It's up 18 percent this year, more than twice as much as the S&P 500, which tracks large companies. CALL TECH SUPPORT: Printer and PC maker HP lost ground after it issued a profit forecast that disappointed investors. Its stock gave up 91 cents, or 5.7 percent, to $15.04. Other technology companies also traded lower. Alphabet, Google's parent company, slid $8.32, or 1.1 percent, to $776.68 and Microsoft lost 73 cents, or 1.2 percent, to $60.39. OH, DEERE! Agricultural and construction equipment maker Deere reported a b...
Source: Arkansas Business - Health Care - Category: American Health Source Type: news