NEW YORK (CNNfn) - U.S. blue chips broke away from the pack Wednesday to end at a new record peak, overcoming a fit of Internet earnings jitters and some profit-taking in the technology sector.
According to preliminary data, the Dow Jones industrial average climbed 117.11 points, nearly 1.2 percent, to an all-time closing high of 1,0080.60, its 10th record this year and its second this week.
However, market breadth was negative, with losers outnumbering gainers on the New York Stock Exchange by a margin of 1,620 to 1,360 on volume of 815 million shares.
The Nasdaq Composite told a different story, falling 18.69 points to 2,544.49. The S&P 500 index gained 8.48 to 1,326.37.
Bonds ended mixed after a day of light, choppy trading, with many investors playing for time ahead of Friday's release of March producer price statistics. The bellwether 30-year Treasury bond climbed 4/32 of a point in price, lowering the yield to 5.51 percent.
The dollar remained firm against both the yen and the euro throughout the day. 
|
