Dow Jones Hits New Record High While S&P and Nasdaq Decline

(CNA, New York, 16th - International Wire Report) U.S. stock markets closed with divergent trends today. The S&P 500 and Nasdaq indices declined under pressure from tech stock sell-offs, while the Dow Jones Industrial Average rose for the second consecutive day, setting a new historical high. SpaceX also surged to become the 5th most valuable company in the U.S. by market capitalization.

The Dow Jones Industrial Average gained 328.64 points, or 0.64%, closing at 51,999.67 points.

The S&P 500 index dropped 42.94 points, or 0.57%, ending at 7,511.35 points.

The Nasdaq Composite Index fell 307.60 points, or 1.15%, closing at 26,376.34 points.

The Philadelphia Semiconductor Index plunged 805.40 points, or 5.71%, finishing at 13,294.23 points. (Compiled by: Zhang Zhengqian) 1150617

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