Dow, S&P Ended Lower, Apple Boosted Nasdaq

The Dow and S&P 500 ended lower on Wednesday to break a five-day streak of record closing highs as energy and utility shares lost ground, but the Nasdaq climbed as Apple finished at a record. The Dow Jones industrial average fell 2.70 points, or 0.02%, to 17,612.20. The S&P 500 lost 1.43 points, or 0.07%, to 2,038.25. The Nasdaq Composite added 14.58 points, or 0.31%, to 4,675.13.

Cisco Systems (CSCO) reported quarterly earnings and revenue that topped Wall Street’s expectations on Wednesday. It reported earnings ex items of 54 cents a share, compared to 53 cents a share in the year-earlier period. Revenue increased 1 percent to $12.25 billion from $12.09 billion a year ago.

J.C. Penney Co. (JCP) on Wednesday reported a loss of $188 million in its fiscal third quarter. On a per-share basis, it had a loss of 62 cents. Losses, adjusted for one-time gains and costs, were 77 cents per share. The results topped Wall Street expectations.

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