S&P, Nasdaq Build on Records. IBM, Honeywell Drag on the Dow.
A messy session for the stock market on Thursday ended with closing highs for the S&P 500 and Nasdaq. The Dow Jones Industrial Average wasn’t so lucky.
The Dow fell 316 points, or 0.7%. The S&P 500 rose 0.1%. The Nasdaq Composite closed up 0.2%. The S&P and Nasdaq each built on their record closes from Wednesday, while the Dow took a big step back after pulling within four points of its Dec. 4 record.
Market breadth was mixed all day but weakened heading into the close after the market’s rally finally showed signs of broadening earlier this week.