The Nasdaq composite index soared to a record high today as investors snapped up shares of Internet companies and software makers. The swing toward technology stocks came at the expense of industrial stocks, which finished mostly lower.
At the close of trading, the Dow Jones industrial average was down 50.97 at 11,028.43. The blue-chip index had backed off from a gain of 62 points.
The Nasdaq composite index was up 34.94 at 2,886.96, according to preliminary calculations, moving past its closing high of 2,864.48, set July 16. The Standard & Poor's 500 index also ended higher.
