The Nasdaq Composite Index gave back most of its gains Tuesday, as shares of biotechnology companies dragged on an otherwise productive day for the tech-heavy average.
The Nasdaq ended at 6,412.17, little changed from the previous close but just enough for a new record high. It was up by as much as 0.2% through midday trade.
Nasdaq’s most active stocks list saw 1,677 gainers and 1,248 decliners. A total of 229 companies went unchanged. A total of 229 stocks posted new highs versus 32 that registered new lows.
Shares of Apple Inc. (NASDAQ: AAPL) rose 0.5%. Facebook Inc. (NASDAQ: FB) fell 0.5%. Both companies are scheduled to report quarterly results this week.
Dow blue-chip Cisco Systems Inc. (NASDAQ: CSCO) was up 0.8% by the close. Fellow Dow industrial Microsoft Corp (NASDAQ: MSFT) rose by a similar amount.
The Nasdaq Biotechnology Index, which tracks companies listed as either biotechnology or pharmaceuticals, fell 1.1% to 3,390.65.
Tuesday was a record-setting day for the S&P 500 Index. Wall Street’s large-cap benchmark closed up 0.3% at 2,477.08. The Dow Jones Industrial Average rose 0.5% to 21,613.43.
Stocks have put together a solid month of gains after a volatile end to June cast doubts about the post-election rally. The Nasdaq has gained more than 4% this month, including a ten-day winning streak that was the longest in two-and-a-half years.
In economic data, U.S. house price growth slowed in May, according to the S&P/Case-Shiller National Home Price Index. The 20-city index rose 5.7% on the year, down from 5.8% in April.
Data on new home sales will make headlines no Wednesday.
Nasdaq Composite Index