A Day After Making History, the Dow Dips

It's a mixed day on Wall Street despite technology gains
By Newser Editors and Wire Services
Posted Jul 1, 2020 3:42 PM CDT
Dow Edges Lower After Record Day
A woman wearing a mask walks her dog past the New York Stock Exchange, Tuesday, June 30, 2020, during the coronavirus pandemic.   (AP Photo/Mark Lennihan)

Stocks are winding up with a mixed finish on Wall Street, even as gains for technology stocks pushed the Nasdaq to another record close, the AP reports. The Dow edged lower Wednesday but the S&P 500 rose 0.5%, a day after wrapping up its best quarter since 1998. That, however, came after its worst quarter since 2008 in the first three months of the year. The whiplash came as the economy screeched to a halt because of the coronavirus, then got loads of support from the Federal Reserve and Congress and hopes built for a relatively quick recovery. Treasury yields and the price of oil rose. For details:

  • The S&P 500 gained 15.57 points, or 0.5%, to 3,115.86.
  • The Dow Jones Industrial Average fell 77.91 points, or 0.3%, to 25,734.97.
  • The Nasdaq composite climbed 95.86 points, or 1%, to 10,154.63.
  • The Russell 2000 index of small company stocks dropped 14.05 points, or 1%, to 1,427.31.
(Read more Wall Street stories.)

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