Dow climbs to a fresh record high, tech weakness sinks Nasdaq
Meanwhile, private sector figures showed 742,000 jobs were added last month, up from 565,000 in March
4:15pm: Major indices end mixed
The Dow ended Wednesday up 97 points, 0.3%, at a record close of 34,230. The Nasdaq, meanwhile, slumped 51 points, 0.4%, to 13,582, and the S&P 500 added 3 points to 4,168.
12:27pm: Peloton shares swoon on recall news
The Dow enjoyed a volatile morning, including a dip into the red before climbing 136 points, 0.4% at 34,264, which would be a record, at midday. The Nasdaq was up 81 points, 0.6%, to 13,714, while the S&P 500 added 21 points, 0.5%, to 4,185.
“While ADP numbers fell short of some of the loftier expectations today, a 742,000 increase in job numbers is welcome news, and when coupled with strong Markit and ISM services PMI readings it is clear that the world’s largest economy is well on the way to a recovery,” IG Chief Market Analyst Chris Beauchamp wrote.