Dow closes at record high, Nasdaq leads afternoon up move

|By:, SA News Editor

Stocks finished with modest gains but they were enough to lift the Dow to a new record close, in a session marked by little economic news to digest and the end of earnings season drawing near.

The consumer discretionary and health care sectors led late-day gains, and momentum stocks bounced back after a three-day slide; the Nasdaq led the major indexes higher but still ended its biggest weekly drop in four weeks after investors dumped tech and small-cap shares.

Treasurys spent most of the day anchored to their flat lines; the benchmark 10-year yield edged slightly higher to ~2.62%.