Dow Falls for a Fifth Day. Nasdaq Powers Ahead.

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The Dow Jones Industrial Average fell for a fifth session in a row on a day the Nasdaq Composite traded at its highest level on record.

The Dow dropped 260 points, or 0.6%, while the S&P 500 closed down slightly. The Nasdaq Composite was the standout with a gain of 0.6%.

The Nasdaq rose for its seventh week in a row; that’s its longest weekly winning streak of the year, according to Dow Jones Market Data. The tech-heavy index was briefly on track for its first record close since July before paring gains.

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