| Tech Sinks, but Banks and Oil Lift Dow to a Record
The New York Times, December 2, 2016 Friday
Technology companies plunged on Wall Street on Thursday, and high-dividend stocks took hefty losses as bond yields rose to their highest level in more than a year. But more big gains for blue-chip banking and oil stocks pulled the Dow Jones industrial average to a record high. The Dow gained 68.35 points, or 0.4 percent, to 19,191.93. The Standard & Poor's 500-stock index dropped 7.73 points, or 0.4 percent, to 2,191.08. The Nasdaq composite fell 72.57 points, or 1.4 percent, to 5,251.11.