Dow, S&P 500 Ended at Another Record High; Nasdaq Retreated

U.S. stocks ended Mixed on Wednesday, with the Dow Jones Industrial Average and the S&P 500 ended at records for a third consecutive session. However, the Nasdaq Composite declined slightly, retreating from the all-time high. The Dow Jones Industrial Average added 59.31 points, or 0.31%, to 19,083.18. The S&P 500 gained 1.78 points, or 0.08%, to 2,204.72. The Nasdaq Composite was off 5.67 points, or 0.11%, to 5,380.68.

Consumer sentiment is on the rise the United States after Donald J. Trump won the 2016 presidential election and promises to implement an economic agenda tilted towards tax cuts, deregulation and heavy investment in infrastructure and defense.

Sales of newly built homes edged down in October, a sign the housing market could be losing momentum in the closing months of the year. Purchases of new single-family homes fell 1.9% in October from the prior month to a seasonally adjusted annual rate of 563,000, the Commerce Department said Wednesday.

Oil futures finished Wednesday with a minor loss, with weakness cushioned by the first weekly decline in U.S. crude supplies in a month. January West Texas Intermediate crude fell by 7 cents, or 0.2%, to settle at $47.96 a barrel. January Brent crude lost 17 cents, or 0.4%, to end at $48.95 a barrel.

Eli Lilly and Co said its experimental Alzheimer’s treatment failed to slow the loss of mental functioning in patients with mild symptoms, a major setback for the company and millions of people at risk of developing the memory-robbing disease.

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