Nasdaq closes at new record as broader market ends little changed

The Nasdaq closed at a fresh record Friday following a snap of a five-day streak of new highs while the broader market finished little changed heading into the holiday weekend. The Dow Jones Industrial Average declined 5.27 points to finish at 19,885.73, with shares of Wal-Mart Stores Inc. dragging on the average, for a weekly decline of 0.4%. The S&P 500 index closed up 4.20 points, or 0.2%, at 2,274.64, with the financials and consumer-discretionary sectors the strongest performers, for a weekly of decline of 0.1%. The Nasdaq Composite index finished up 26.63 points, or 0.5%, at 5,574.12, for its sixth record in seven sessions and a weekly gain of 1%.

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From:: Stock Market News

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