Economic news

Dow Jones closes at new record, tech stocks slump

The Dow Jones index closed at a fresh record level on Wednesday, while the Nasdaq index posted worst day in 3 months due to sell-off for technology stocks.

The Dow Jones ticked up 0.4%, to 23,940.68.

The S&P 500 index inched down 0.97 point to 2,626.07.

The Nasdaq Composite slumped 1.3%, to 6,824.39, its biggest one-day fall since Aug. 17.

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