Dow logs worst day in about 3 weeks as Nasdaq Composite ekes out 36th record high of 2021
U.S. stock benchmarks finished the session mixed on Tuesday, with the Nasdaq Composite logging its 36th record high of the year, barely, while the Dow and S&P 500 ended the first day back from a three-day holiday in the U.S. in negative territory. Indeed, the Dow
DJIA,
ended the session down 268 points, or 0.8%, lower at about 35,100, on a preliminary basis, ringing up the sharpest one-day point and percentage drop since Aug. 18, when the blue-chip index closed about 382 points, or 1.1% lower. The S&P 500
SPX,
ended down 0.3% at 4,520, weighed by declines in industrials, consumer staples, real estate and utilities. The Nasdaq Composite Index
COMP,
meanwhile, edged up less than 0.1%, but notched a sufficient rise for an all-time closing high. In corporate news, Ford Co.
F,
saw its shares pop after announcing that it hired Doug Field, a former executive at Tesla Inc.
TSLA,
and the executive behind Apple Inc.’s
AAPL,
automobile ambitions.
