The Dow Jones Industrial Average achieved a new record closing high, while the S&P 500 experienced a pause on Thursday.

The Dow increased by 54 points or 0.14%, while the S&P 500 closed marginally higher, showing a gain of 0.04%.

Although the S&P 500 reached a new 52-week high for the third consecutive day, it fell short of its January 2022 closing high of 4,796.56, Barrons reported.

Meanwhile, the Nasdaq Composite, focused on technology, saw a slight decline of 0.03%.

The market’s upward momentum has been fueled by the performance of technology stocks and expectations that the Federal Reserve will implement rate cuts in the coming year.

Written by B.C. Begley

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