Technology companies plunged Thursday, and high-dividend stocks also took hefty losses as bond yields rose to their highest price 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 Jones industrial average rose 68.35 points, or 0.4 percent, to 19,191.93.
The Standard & Poor's 500 index lost 7.73 points, or 0.4 percent, to 2,191.08.
The Nasdaq composite tumbled 72.57 points, or 1.4 percent, to 5,251.11.
For the week:
The Dow is up 39.79 points, or 0.2 percent.
The S&P 500 is down 22.27 points, or 1 percent.
The Nasdaq is down 147.82 points, or 2.7 percent.
For the year:
The Dow is up 1,766.90 points, or 10.1 percent.
The S&P 500 is up 147.14 points, or 7.2 percent.
The Nasdaq is up 243.70 points, or 4.9 percent.
This story has been automatically published from the Associated Press wire which uses US spellings