Dow Jones hits a record closing high but Facebook drags on S&P, Nasdaq


The Dow hit a record closing high on Tuesday, but another drop in Facebook shares weighed on both the S&P 500 and Nasdaq, driving both to finish in the red. Dividend-paying sectors were the best performers of the major S&P sectors, with utilities up 1.3 per cent and consumer staples up 0.

6 per cent. Facebook, Netflix, and Amazon, part of the so-called FANG group of stocks, kept the Nasdaq in check. The Dow was boosted by names such as Boeing,  and Caterpillar as investors remained upbeat on trade-sensitive companies.

This article is no longer available in our repository.

There could be multiple reasons for this.