Dow up, Nasdaq down for 3rd session
The Nasdaq ended lower for a third straight session, its longest losing streak since early April.
But a late selloff in utilities and energy, among the best performing sectors recently, dragged the S&P 500 and the Nasdaq to session lows.
The Dow Jones industrial average rose 32.43 points or 0.2 percent, to close at 16,550.97, the S&P 500 lost 2.58 points or 0.14 percent, to 1,875.63 and the Nasdaq Composite dropped 16.177 points or 0.4 percent, to 4,051.496.
Tesla Motors shares fell 11.3 percent to $178.59, a day after the company’s outlook also disappointed some investors.
About 6.7 billion shares changed hands on U.S. exchanges, above the 6.1 billion average over the past five days, according to data from BATS Global Markets.
Initial claims for state unemployment benefits declined 26,000 to a seasonally adjusted 319,000.
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