Saturday, May 23, 2015Saturday, May 23, 2015

Dow barely higher as market bulls pause

Published on Jun 11, 2014 6:17 AM

NEW YORK (AFP) - The Dow on Tuesday edged to a new record as markets essentially moved sideways with low trading volumes.

The Dow Jones Industrial Average added 2.82 (0.02 per cent) at 16,945.92.

The broad-based S&P 500 slipped a scant 0.48 of a point (0.02 per cent) to 1,950.79, while the tech-rich Nasdaq Composite Index advanced 1.75 (0.04 per cent) to 4,338.00.

Analysts said Tuesday's trade amounted to a pause from the recent rally, with little fresh economic data on offer.

Traders work on the floor of the New York Stock Exchange in New York City on April 30, 2014. -- PHOTO: AFP
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!