Nasdaq Hits Another Record; Dow Off 58
Stocks today diverged in familiar fashion, with technology shares leading the Nasdaq composite index higher for a sixth straight session while blue-chip industrials slumped.</br></br>The Dow Jones industrial average fell 58.01, to 10,905.79, and the Standard & Poor's 500 slipped 0.13, to 1424.24.</br></br>The Nasdaq, dominated by technology stocks, has risen nearly 6 percent so far this year, while the blue-chip Dow industrial average has fallen more than 5 percent.</br></br>"It's a very fragmented market, and you can understand why," said Larry Wachtel, market analyst at Prudential Securities.</br></br>General Electric, down 5-1/16 at 136 1/2, and Boeing, down 2-3/16 at 41-13/16, contributed most to the Dow's decline.