Dow marks 2nd all-time high in a row but tech stocks weigh on broader market [MarketWatch]
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Source: MarketWatch
Dow marks 2nd all-time high in a row but tech stocks weigh on broader market The Dow Jones Industrial Average DJIA, +0.32% notched its second straight record close in succession, but declines in consumer-discretionary shares and technology weighed on the broader market. The Dow closed up 0.2% at 26,719 (on a preliminary basis). while the S&P 500 index SPX, -0.04% fell by less than 0.1% to end at 2,929, and the technology-centric Nasdaq Composite Index COMP, -0.51% ended down 0.5% at 7,986, contributing to a weekly decline for the index of 0.3%. Meanwhile, the Dow posted a weekly gain of 2.2%, representing its best weekly advance on a percentage basis since July, while the S&P 500 index logged a weekly climb of 0.8%. Investors have mostly ignored persistent evidence of escalating tensions between the U.S. and China-among other regions-on trade policy. President Donald Trump has announced nearly $500 billion in tariffs on Chinese goods this week; China retaliated with measures
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