S&P 500 and Nasdaq hit record closing highs


The Dow fell 123.19 points, or 0.28%, to 44,642.52, the S&P 500 gained 15.16 points, or 0.25%, to 6,090.27 and the Nasdaq gained 159.05 points, or 0.81%, to 19,859.77.

NEW YORK: The Nasdaq and the S&P 500 rose to record closing highs on Friday following upbeat forecasts from Lululemon Athletica and other companies and as US jobs data fuelled expectations the Federal Reserve would cut interest rates this month.

The Dow finished lower, as a 5.1% drop in UnitedHealth Group shares weighed on the index.

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