Dow Closed at Record High, Tech Firms Missed Out

U.S. stocks ended mostly highly on Thursday, with the Dow Jones at a record high and the S&P 500 showing gains. But shares in some of the biggest tech firms have taken a hit, pulling the Nasdaq index into negative territory. The Dow industrial Average gained 218.19 points, or 1.17%, to 18,807.88. The S&P 500 added 4.22 points, or 0.20%, to 2,167.48. The Nasdaq Composite fell 42.28 points, or 0.81%, to 5,208.80.

Oil futures settled lower on Thursday after data showed that output by members of the Organization of the Petroleum Exporting Countries rose to a record in October. December West Texas Intermediate crude fell 61 cents, or 1.4% to settle at $44.66 a barrel. January Brent crude fell 52 cents, or 1.1%, to $45.84 a barrel.

Apple Inc. Chief Executive Tim Cook told employees that the outcome of the U.S. election won’t shake the company’s core beliefs in diversity and inclusiveness, as technology-industry executives reacted to Donald Trump’s surprise victory.