Dow finishes at record but Nasdaq S&P 500 slump in rocky trading session

The Dow wrapped up a tumultuous session on Wednesday at a record high, but technology stocks dragged the Nasdaq lower and capped limited gains in the broader market. The Dow Jones Industrial Average DJIA, +0.16% closed up more than 40 points at about 26,252, marking an all-time high. The S&P 500 index SPX, -0.06% closed down less than 0.1% at 2,837,, while the Nasdaq Composite Index COMP, -0.61% slumped 0.6% to close at 7,415, as the tech stocks retreated. All three stock gauge's touched intraday highs but pared gains due to exhaustion after the markets have notched repeated records, market strategist and analysts said. Still the uptrend remained intact. Concerns about trade tensions between the U.S. and its Asian counterparts also stoked uneasiness in the market as Treasury Secretary Steven Mnuchin said that a weaker U.S. dollar is better for trade. Those remarks made at the World Economic Forum in Davos, Switzerland, rattled greenback, sending the ICE U.S. Dollar Index DXY, -0.14% to a fresh three-year low below 90, while the yield on the 10-year Treasury note TMUBMUSD10Y, -0.52% rose to its highest level since April 2014, up at 2.66%, before pulling back slightly. Bond prices and yields move inversely. In corporate news, shares of Goldman Sachs Group Inc. GS, +2.15% supported the advance in the Dow, as the the giant investment bank benefited from rising yields. Meanwhile, another component of the Dow, General Electric GE, -2.66% saw its shares finish 2.7% lower after it disclosed that the Securities and Exchange Commission was probing the industrial conglomerate's accounting practices related to an insurance business.