NEW YORK: Nasdaq ended at a record high on Thursday, with the S&P 500 and Dow also rising, as gains in heavyweight tech stocks outweighed downbeat data that affirmed the Federal Reserve's view of a difficult road to economic recovery.
Separate data from the Philadelphia Fed showed a business conditions index fell more than expected in August. Nasdaq clocked its 19th record closing high since early June, when it confirmed its recovery from the coronavirus sell-off. Thursday's record close was its 35th so far this year compared with 31 record closing highs in 2019 and 29 in 2018.
Economically sensitive financial and energy sectors were some of the biggest percentage losers among the major S&P sectors.
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