Dow lags as S&P 500, Nasdaq Composite end at records

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MARKET PULSE

Stocks ended mostly higher Thursday, buoyed by upbeat earnings for Nvidia Corp. and major retailers as the S&P 500 and Nasdaq Composite closed at records. The Dow Jones Industrial Average lagged behind, falling around 60 points, or 0.2%, to close near 35,871, according to preliminary figures, weighed down in part by a 5.5% loss for Cisco Systems Inc. after disappointing guidance. The S&P 500 rose around 16 points, or 0.3%, to close near 4,705; the Nasdaq advanced around 72 points, or 0.5%, to end near 15,994. Nvidia shares rose more than 8% after the chip maker delivered upbeat earnings. Macy’s Inc. jumped more than 21% after the department-store chain topped Wall Street forecasts, while Kohl’s Corp. advanced 10.6%.

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