Dow closes at record high on robust US economic data


The Dow rose 0.59% to 41,335.05 points. The S&P 500 index ended barely changed at 5,591.96 points. The Nasdaq declined 0.23% to 17,516.43 points.

NEW YORK: The Dow notched a record high close on Thursday in mixed trading following robust US economic data, while artificial intelligence chipmaker Nvidia dropped after its largely in-line forecast failed to impress investors.

The US economy grew faster than initial estimates due to strong consumer spending, the Commerce Department reported, supporting expectations the U.S. is likely to avoid a recession.

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