|Published : 24 Nov 2016, 10:34:35|
US stocks end mixed ahead of holiday
US stocks ended mixed on Wednesday ahead of the Thanksgiving holiday. The Dow and the S&P 500 eked out record high closes.
Stocks had little reaction to minutes from the latest Federal Reserve meeting.
The meeting showed policymakers appeared confident that the economy was strengthening enough to warrant interest rate increases soon.
Expectations among investors remained high that the Fed will raise rates in December.
The Dow Jones industrial average rose 59.31 points, or 0.31 per cent, to end at 19,083.18, while the S&P 500 gained 1.78 points, or 0.08 per cent, to 2,204.72.
But the Nasdaq Composite dropped 5.67 points, or 0.11 per cent, to 5,380.68.
About 6.5 billion shares changed hands on US exchanges, compared with the 8.1 billion daily average for the past 20 trading days.
Advancing issues outnumbered declining ones on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.43-to-1 ratio favored advancers.
The S&P 500 posted 66 new 52-week highs and three new lows; the Nasdaq Composite recorded 321 new highs and 21 new lows.
Volume was lighter than usual, with many market participants heading out early ahead of the US Thanksgiving Day holiday on Thursday.
The US stock market will be closed on Thursday and will close early on Friday, according to a news agency report.