Market Snapshot: Dow posts back-to-back records, but tech woes weigh on broader market [MarketWatch]
Apple Inc. (AAPL)
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Source: MarketWatch
Dow posts back-to-back records, but tech woes weigh on broader market The Dow Jones Industrial Average on Friday notched a second straight all-time high, but a slump in megacapitalization technology and internet-related stocks weighed on the broader market, pressuring the Nasdaq. The Dow Jones Industrial Average DJIA, +0.32% rose 75.67 points, or 0.3%, to 26,732, after logging its first all-time high on Thursday since Jan. 26. However, the S&P 500 SPX, -0.04% edged, lower, closing 1.27 points to 2,929.48, a rise of less than 0.1%, after the broad-market benchmark posted its first record since Aug. 29. The Nasdaq Composite Index COMP, -0.51% which remains about 2% below record levels, fell 41.28 points to 7,986.96, a decline of 0.5%. For the week, the Dow is up 2.3% and on booked its biggest weekly percentage gain since July. The S&P 500 rose 0.9%. Both the Dow and the S&P recorded their second straight weekly gain, as well as their 10th positive week of the past 12. The Nasda
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