Dow And S&P 500 Reach Best Levels In Almost A Month

(RTTNews) - After trending higher in recent sessions, stocks experienced relatively choppy trading over the course of the trading day on Wednesday. The major averages eventually ended the day mixed, as the Dow posted a strong gain but the Nasdaq closed in the red.

The pullback by the Nasdaq came after the tech-heavy index closed higher for six straight sessions and reached its best closing level in nearly thirteen years on Tuesday.

A steep drop by shares of Apple (AAPL) weighed on the Nasdaq, with the tech giant falling by 5.4 percent amid disappointment with the price of its new lower-cost iPhone.

Meanwhile, the Dow and the S&P 500 added to the gains posted over the past few sessions, reaching their best closing levels in almost a month.

While the Nasdaq edged down 4.01 points or 0.1 percent to 3,725.01, the Dow jumped 135.54 points or 0.9 percent to 15,326.60. The S&P 500 rose 5.14 points or 0.3 percent to 1,689.13, closing higher for the seventh consecutive session.