Tech Lifts Nasdaq; Energy Curbs Dow, S&P Gains<br />The Dow Jones Industrial Average fell 1.1 points, or 0.01 percent, to close at 21,478.17, the S&P 500 gained 3.53 points, or 0.15 percent, to 2,432.54<br />and the Nasdaq Composite added 40.80 points, or 0.67 percent, to 6,150.86<br />NEW YORK — A steep drop in oil prices dragged energy shares lower<br />and kept the Dow and S&P 500 in check on Wednesday, while the Nasdaq was buoyed by gains in tech stocks.<br />New orders for U. S.-made goods fell more than expected in May, data showed on Wednesday,<br />but capital equipment orders were slightly stronger than previously reported, suggesting manufacturing remains on a path of moderate growth.<br />Tim Ghriskey said that The U. S. is the swing producer and the major capitalist producer as well,<br />Recent tepid economic data and an inflation rate below the Federal Reserve’s 2 percent<br />target may have a bearing on the U. S. central bank’s plans for interest rate hikes.
