Technology shares boosted the Nasdaq market to a ninth straight record yesterday, but most stocks fell amid some profit-taking before this week's economic report from Federal Reserve chairman Alan Greenspan.
The Dow Jones industrial average closed at 9,295.75 down 42.22 after slipping as much as 73 points during the afternoon.
The blue-chip barometer, which closed at new highs in three of the prior four sessions, was weighed down by McDonald's after the company met Wall Street forecasts with its second-quarter profit report, but said the second half of 1998 may be weak.
The Dow was also pressured by General Motors, which fell as the crippling strike at two of the automaker's parts plants entered a seventh week.
Declining issues outnumbered advancers by a 7-to-5 margin on the New York Stock Exchange, with 1,243 up, 1,734 down and 551 unchanged.
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