S&P, Nasdaq hit record on gains in tech, financials

E-mini Dow Jones Industrial Average

Both the S&P and Nasdaq touched intraday records for the third straight day, with the benchmark S&P index set to post its sixth straight month of gains.

S&P index closed up 3.02 points or 0.12% at 2510.06.

Technology stocks slipped after gaining for two straight days and Apple's 0.76 percent fall weighed on the S&P and the Nasdaq.

U.S. markets opened mixed as investors digested the latest inflation and consumer spending figures.

Trump's tax plan, which called for tax cuts for most Americans, also drew criticism for favoring business and the rich and potentially adding trillions of dollars to the deficit. The Nasdaq Composite Index increased 42.51 points, or 0.66 percent, to 6,495.96.

E-mini S&P 500 Index
Daily December E-mini S&P 500 Index

The S&P 500 set a record close Thursday.

Another report showed the Chicago purchasing management index, which gauges factory activity, came in better than expected for September.

In oil markets, Brent crude traded about half a percent lower around $56.90, while US crude traded slightly lower near $51.42.

The Dow Jones Industrial Average closed with modest gains, up zero.2 percent at 22,381.2, pushed up by McDonald's, whose shares rose sharply.

Gainers outnumbered decliners on the NYSE by 1,400 to 1,397.




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