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Nasdaq Composite posts 46th record close of 2021 but broader stock market limps lower in week before Thanksgiving

Nasdaq Composite posts 46th record close of 2021 but broader stock market limps lower in week before Thanksgiving

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The Nasdaq Composite index finished at a record high amid an otherwise lackluster end of the week for the broader market, with the Dow Jones Industrial Average and the S&P 500 ending the session in negative territory, amid growing concerns over rising cases of COVID-19 in the U.S. and Europe. However, the technology-laden Nasdaq Composite COMP, +0.40% showed gains outperformed as a retreat in bond yields, which move opposite to prices, helped to support further gains for large-capitalization technology stocks, including chip makers like Micron Technology Inc. MU, +7.80% , which helped to lead gains in the Nasdaq.

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