Tech stocks, small caps boost market
Large technology and health care companies and smaller U.S. firms rose again yesterday as stocks finished the third quarter at record highs.
Stocks were mixed at the start of trading, but chipmakers and big-name tech firms pulled stocks higher. Health care companies also did better than the rest of the market, which ended the quarter on a four-day winning streak that began after Federal Reserve Chair Janet Yellen said the central bank plans to continue raising interest rates.
The Standard & Poor's 500 index rose 9.30 points (0.4 percent), to close at 2,519.36. The Dow Jones industrial average turned higher to finish with a gain of 23.89 points (0.1 percent), at 22,405.09. The Nasdaq composite jumped 42.51 points (0.7 percent), to 6,495.96. The S&P 500 and Nasdaq both closed at all-time highs. The Russell 2000 index of smallcompany stocks added 2.08 points (0.1 percent), to 1,490.86. It's also at record highs after climbing 6 percent in September.