Dow Jones hits record highs, NASDAQ ends down over 1%

US stock indices closed the third session of the week mixed, with Dow Jones hitting fresh record highs on the back of the financial sector, while the tech sector dragged both S&P 500 and NASDAQ lower, with the later marking the worst performance in three months. 

Earlier US data showed the GDP grew 3.3% in the third quarter of 2017 according to the second growth reading in line with expectations, and above the first reading of 3.0%, while the economy grew 3.1% in the second quarter, as GDP prices slowed down to 2.1% from 2.2%

Federal Reserve Bank of New York President William Dudley participated in a panel discussion about current economic issues at Rutgers University, in New Jersey, while other US data showed pending home sales rose 3.5% in October past expectations of a 1.1% rise, and compared to a 0.4% dip in September.

Dow Jones ended up 0.44%, or 103.97 points at 23,940.68, while Standard and Poor's 500 shed 0.04%, or 0.97 points to 2,626.07. NASDAQ Composite tumbled 1.27%, or 88.02 points to 6,824.34. 

Gold futures due on February 15 shed 0.86% to $1,288.00 an ounce from the opening of $1,299.20, while the dollar index dipped 0.04% to 93.24 from the opening of 93.27. 

Otherwise, US West Texas Intermediate slid 1.05% to $57.38 a barrel from the opening of $57.99, while Brent futures due on January 15 fell 0.46% to $63.32 a barrel from the opening of $63.61.