Stocks closed mixed in new York yesterday as a slight surge in big technology stocks drove the Nasdaq composite index to a new record. But blue-chip stocks fell on profit-taking and conflicting inflationary news.
The Dow Jones industrial average dropped 81.35 points, or 0.8%, to close at 10,648.51.
Broad market indexes were mixed. The Standard and Poor's 500 fell 8.81 to 1,354.12, and the technology-laden Nasdaq composite index rose 1.21 to 2,967.64.
Advancing issues were nearly even with decliners on the New York Stock Exchange, with 1,550 up, 1,528 down and 446 unchanged.
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NYSE volume totalled 834.55 million shares, against 1.084 billion in the previous session.
The Russell 2000 index of smaller companies rose 3.05 to 431.69.
