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Home>UPDATE: Dow, S&P 500 cling to slight gains, as tech, financials weigh

UPDATE: Dow, S&P 500 cling to slight gains, as tech, financials weigh

UPDATE: Dow, S&P 500 cling to slight gains, as tech, financials weigh

09/28/2017

By Barbara Kollmeyer, MarketWatch , Ryan Vlastelica

Financial shares fall, but material sector advances

The Dow and S&P 500 were trading slightly higher on Thursday, but a decline in financial and technology produced a headwind, limiting gains that have been powered by a potential tax overhaul.

What are stocks doing?

The Dow Jones Industrial Average rose 39 points, or 0.2%, at 22,379, with shares of McDonald's Corp., (MCD) delivering a lift to blue chips. The S&P 500 was less than a point higher at 2,506, having ended about 0.1% below its closing record on Wednesday. Financials and consumer-discretionary stocks were off 0.2%.Those groups were offset by a rise in the material sector, up 0.5%, headlined by a 2.9% rise in shares of Eastman Chemical Co. (EMN)

The Nasdaq Composite Index shed 7 points, or 0.1%, to 6,445. The tech-heavy index jumped more than 1% on Wednesday.

The Russell 2000 slipped 0.2% to 1,482. The index of small-capitalization companies ended at a record Wednesday.

What's driving the market?

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