Dow ends at record high; Nasdaq loses grip on 4,000

[stocks]

Dow ends at record high; Nasdaq loses grip on 4,000 (Reuters)

The Dow industrials eked out a slim gain to close at a new record high today but the Nasdaq was unable to hold onto the 4,000 mark that it reached for the first time in 13 years as it retreated just below that level, despite gaining ground for the day. The S&P 500 Index fell short of break even today. The Dow rose 7.77 points to close at16,072.50, notching a gain of .05%. The Nasdaq finished trading at 3,994.57, up 2.92 points to advance .07%, while the S&P 500 ended the day at 1,802.48, down 2.28 points to dip .13%. Wal-Mart Stores Inc. (WMT) was among the Dow’s best performers as its shares rose 0.8 percent to close at $80.43, off an all-time intraday high of $80.57 after the world’s largest retailer announced it has chosen its next chief executive. Energy stocks slipped after the announcement of a deal to reduce sanctions on oil producing-nation Iran. The S&P energy sector index (SPNY) fell 0.8 percent, with social media shares also dropping. Volume is expected to remain low this week, with the U.S. Thanksgiving holiday on Thursday. “Retailers are taking focus this week. Black Friday is coming up, so there will be obviously some positioning ahead,” said Dennis Dick, proprietary trader at Bright Trading LLC in Las Vegas, referring to the day after Thanksgiving that is regarded as the start of the holiday shopping season.

Exclusive  Consumer Staples ETF Makes for Stable Investment

Like This Article?
Now Get a FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

Heavy storms are expected to cover the Eastern third of the United States Tuesday and Wednesday, but retailers could gain a boost Thursday and Friday when dry and cold weather is forecast for much of the country.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen publishes 4 different investment newsletter advisories, including the award-winning Forecasts & Strategies, which has beaten the market over the last 15 years.

Product Details

  • Forecasts & Strategies
  • Skousen High Income Alert
  • Fast Money Alert
  • Five Star Trader
About Mark Skousen

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays. Bryan's four newsletter and trading services include:

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Instant Income Trader
About Bryan Perry

Nicholas Vardy

A Stanford and Harvard Law graduate, Nicholas Vardy scours over 40 different global markets every day to uncover new profit opportunities for subscribers. His 3 advisories and trading services include:

Product Details

  • The Alpha Investor Letter
  • Bull Market Alert
  • Alpha Algorithm
About Nicholas Vardy

Doug Fabian

A 30-year Wall Street veteran and famed market timer, Doug Fabian is one the nation's foremost experts on ETFs (Exchange Traded Funds). His two ETF-focused advisories include:

Product Details

  • Successful ETF Investing
  • ETF Trader's Edge
About Doug Fabian

Bob Carlson

In Bob's monthly newsletter, Retirement Watch, he provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

ABOUT BOB CARLSON

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research. Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

Product Details

ABOUT DIVIDENDINVESTOR.COM