NEW YORK – One day after crossing the 30,000-point mark for the first time ever, the Dow retreated at the close of trading Wednesday, though the Nasdaq finished at a new high.
While the wider US economy suffers unevenly from the Covid-19 pandemic, Wall Street has charged ahead in recent months, buoyed by the promise of a vaccine and the Federal Reserve’s move to roll out huge liquidity lines.
At the close, the tech-rich Nasdaq Composite Index was up 0.5 percent at 12,094.40.
The benchmark Dow Jones Industrial Average however struggled most of the day to stay above 30,000, finishing 0.6 percent lower at 29,872.47, while the broad-based S&P 500 retr…
Keep on reading: Dow retreats from 30,000-point record, Nasdaq at new high