The Dow industrials and the S&P 500 index fell yesterday as a drop in oil and other commodity prices hurt energy and materials stocks. But the Nasdaq rose, buoyed by a broker's upgrade in the biotechnology sector.
The Dow Jones industrial average dropped 41.34 points, or 0.4%, to end at 9778.86. The S&P 500 fell 3.64 points, or 0.3%, to 1064.66.
But the Nasdaq Composite Index gained 5.18 points, or 0.2%, to close at 2,138.04.
The benchmark S&P 500 has risen 57.4% off a 12-year closing low in early March, partly because of a strong earnings season that is winding down and optimism that an economic recovery is gaining strength.
Read more: http://www.financialpost.com/story.html?id=2017856#ixzz0RtlV75Nx
Tuesday 22 September 2009
Dow, S&P slip as Nasdaq climbs
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