Dow hits record high while tech cedes ground

Dow hits record high while tech cedes ground

Tuesday, August 01, 2017


Wall Street
The Dow Jones Industrial Average hit a record high on Monday, helped by Boeing, while selling in Facebook, Alphabet and other technology companies kept the S&P 500 flat and pulled the Nasdaq lower.

The S&P 500 information technology dipped 0.51 percent, with Facebook falling 1.82 percent and Alphabet , Google’s parent company, down 1.42 percent.

The Dow Jones Industrial Average was up 0.41 percent at 21,920.9 points and the S&P 500 gained 0.06 percent to 2,473.48. The Nasdaq Composite dropped 0.35 percent to 6,352.25.

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