Dow Jumps To New Record Closing High But Nasdaq Closes Modestly Lower
The major U.S. stock indexes moved in starkly opposite directions in early trading on Thursday, with the Dow moving sharply higher and the Nasdaq showing a significant pullback.While the Nasdaq climbed well off its worst levels of the day, the tech-heavy index still closed down 60 points or 0.3 percent at 23,594.Meanwhile, the S&P 500 rose 14 points or 0.2 percent to 6,901 and the Dow jumped 646 points or 1.3 percent to a new record closing high of 48,704.01.The surge by the Dow partly reflected a sharp in ...