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Nasdaq, S&P slip; Dow ticks above 22,647 level, hits new record high

The S&P information technology index, up about 26 per cent this year, was on pace to post its first losses in seven sessions

Reuters 

The Nasdaq and the S&P fell on Wednesday as investors likely took profits on tech stocks, the best performing sector in the recent rally, while the Dow touched a record high. Seven of 11 major S&P indexes were down, led by the information technology and Industrials. The S&P information technology index, up about 26 per cent this year, was on pace to post its first losses in seven sessions. "The market has been on a slow drift upward, in anticipation of the earnings season coming and the hopes about tax reform," said Rick Meckler, president of investment firm ...

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First Published: Wed, October 04 2017. 20:43 IST
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