Nasdaq closes at record high above 20,000 for first time as Dow falls for fifth session

U.S. stocks finished mostly higher on Wednesday, with the Nasdaq Composite closing at a record high but the Dow Jones Industrial Average unable to recover its momentum, following the release of as-expected CPI inflation data for November.

The Dow Jones Industrial Average closed down by 0.2% at 44,148.56 for its fifth straight session of declines, based on preliminary data.

The S&P 500 finished up by 0.8% at 6,084.19.

The Nasdaq Composite ended up by 1.8% at 20,034.89.

Wednesday’s moves gave the S&P and Nasdaq their first gains in three sessions.