Tech helps offset S&P 500 losses
Los Angeles Times
|August 29, 2025
Wall Street notched more milestones Thursday after gains in technology stocks helped push the market to another all-time high.
The Standard & Poor's 500 rose 20.36 points, or 0.3%, to 6,501.86, lifting the benchmark index to its second record high in a row.
The Dow Jones industrial average added 71.67 points, or 0.2%, to 45,636.90, eclipsing its record high set Aug. 22.
The Nasdaq composite gained 115.02 points to close 0.5% higher at 21,705.16, finishing just short of its all-time high set two weeks ago.
About 55% of the companies in the benchmark S&P 500 closed lower, but gains in the technology and communication services sectors offset losses elsewhere in the market. Broadcom rose 2.8%, Amazon added 1.1%, and Google parent Alphabet finished 2% higher.
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