3M was the biggest laggard in the 30-stock Dow, dropping more than 5.7%. Caterpillar shares were lower by 2%. Meanwhile, Apple shares declined more than 1%, falling for a second day.
On the other hand, tech gains helped to lift the S&P 500 and Nasdaq. Tesla shares gained 1.4% after billionaire investor Ron Baron stood by his bullish thesis on the electric vehicle maker. Amazon shares hit their highest level since August 2022; they advanced more than 2.5%.
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