Dow ends below 30,000 mark ahead of Thanksgiving

/ / News

U.S. stocks finished mostly lower on Wednesday as trading volumes dwindled before the Thanksgiving holiday. The S&P 500 fell 0.2% to end around 3,630. The Dow Jones Industrial Average slipped 174 points, or 0.6%, to 29,872, based on preliminary numbers. The Nasdaq Composite rose 0.5% to finish near 12,094. Investors saw some mixed economic data, with personal incomes falling short of expectations but housing-market data showing continued strength. In the absence of positive market catalysts, tech shares outperformed their blue-chip counterparts in the Dow and S&P 500 benchmarks. Shares of Deere took a hit even though the maker of agriculture equipment reported sales and earnings that beat expectations.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.