The
Nasdaq Composite Index climbed closer to a record amid a rally in
technology companies, while a slump in energy shares sent the Standard
& Poor 500 Index lower.
Salesforce.com
Inc. soared 12 percent after it raised its revenue forecast, leading
gains among technology shares. Phone companies climbed 0.5 percent in
the S&P 500 as the Federal Communications Commission adopted
net-neutrality rules. Chevron Corp. and Exxon Mobil Corp. lost more than
1.1 percent as energy companies dropped 1.8 percent.
The
Nasdaq Composite rose 0.4 percent at 4 p.m. in New York, resuming a
climb toward an all-time high reached during the dot-com era in 2000.
The S&P 500 fell 0.2 percent to 2,110.76. The Dow Jones Industrial
Average lost 10.21 points, or 0.1 percent, to 18,214.36.
The
S&P 500 has gained 5.8 percent in February, poised for the best
monthly performance since October 2011, while the Dow has added 6.1
percent. The Nasdaq Composite has rallied 7.6 percent, buoyed by gains
in Apple Inc., which has the biggest weighting in the index. The gauge
advanced for 10 straight days through Feb. 24, and is now about 1.2
percent from its March 2000 record.
Source: Bloomberg
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