New record for Nasdaq on curtailed day

The Nasdaq index churned out another record in New York yesterday, with help from Internet retailers, as stocks overall put together…

The Nasdaq index churned out another record in New York yesterday, with help from Internet retailers, as stocks overall put together a mixed performance in light post-Thanksgiving holiday trading.

At the close on Wall Street, the Dow Jones was down 19.26, or 0.2 per cent, at 10,988.91.

Broader stock indicators were mixed. The Nasdaq composite index rose 27.32 to 3,447.82, for its 16th record in the past month. The Standard and Poor's 500 index fell 0.46 to 1,416.62.

Declining issues outnumbered advancers by a narrow margin on the New York Stock Exchange, with 1,373 up, 1,375 down and 636 unchanged. NYSE volume totalled 310.2 million shares at its 1 p.m. close, against 732.9 million in the previous session, which ran until the traditional 4 p.m. close.

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The Russell 2000 index of smaller companies rose 3.01 to 458.94.

Stock gains were held back by inflationary concerns caused by a Commerce Department report that Americans' personal income in October posted its biggest jump in more than five years, and rose more than twice as fast as spending.