NEW YORK, July 19 (Reuters) – The Nasdaq Composite and the
S&P 500 hit record highs on Wednesday, powered by technology
stocks and a more than 20 percent jump in Vertex
Pharmaceuticals, while gains on the Dow were capped by a sharp
drop in IBM shares.
The Dow Jones Industrial Average rose 66.02 points,
or 0.31 percent, to 21,640.75, the S&P 500 gained 13.22
points, or 0.54 percent, to 2,473.83 and the Nasdaq Composite
added 40.74 points, or 0.64 percent, to 6,385.04.
The S&P 500 tech sector set a record closing high,
breaking the previous one which held since March 2000.
(Reporting by Rodrigo Campos; Editing by Chizu Nomiyama)