UPDATE: Dow's gains buoyed by McDonald's stock
By Mark DeCambre, MarketWatch , Ryan Vlastelica
Financial shares fall, but material sector advances
The Dow industrials traded slightly higher Thursday afternoon as shares of McDonald's rallied, but technology lagged behind, a day after President Donald Trump offered further details on a potential, tax overhaul that could jolt Wall Street stocks up.
What are stocks doing?
The Dow Jones Industrial Average rose 44 points, or 0.2%, at 22,385, with shares of McDonald's Corp., (MCD)delivering a lift to blue chips (http://www.marketwatch.com/story/mcdonalds-stock-surge-after-an-upgrade-accounts-for-more-than-half-of-the-dows-gain-2017-09-28). 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.
The Dow Jones Transportation Average , meanwhile, hit an intraday record at 9,903 on Thursday, and was most recently up 0.4% at 9,884.32. The gauge, which tracks some of the largest U.S. airlines, railroads and trucking companies, also closed at a record on Wednesday.