NYSE Mixed at Close but S&P 500 Scores Another Record High

The New York Stock Exchange (NYSE) finished Wednesday trading session on a mixed note.

A rise in Treasury bond yields and the release of the Federal Reserve’s Beige Book, which lowered expectations for economic growth this spring, pressured stocks, especially the tech sector.

Moreover, the Beige Book expected a rise in inflation this year.

On the other hand, the banking sector achieved gains, supported by positive financial results, which were better than expected, reported by three of America’s largest banks, namely Goldman Sachs, JPMorgan Chase, and Wells Fargo.

The Dow Jones Industrial Average declined by 68.13 points, or 0.2%, to finish at 33,677.27 points.

Meanwhile, the S&P 500 rose by 13.60 points, or 0.3%, closing at a new record high of 4,141.59 points.

The Nasdaq Composite Index also increased by 146.10 points, or 1.1%, to settle at 13,996.10 points, nearing its all-time closing high.