The Nasdaq Composite headed toward a fresh record close intraday, as shares of technology companies climbed in an otherwise downbeat session. The tech-heavy index has outperformed both the S&P 500 and the Dow Jones Industrial Average in 2017 as investors have piled into the shares of companies thought to benefit from U.S. economic growth. That's left the Nasdaq up about 14% this year, while the S&P 500 has gained 7.2% and the Dow industrials have risen 6.2%. Still, some investors and analysts caution that technology stocks, which have risen double-digit percentages in the S&P 500 in 2017, may be vulnerable to a pullback. Global fund managers say the Nasdaq has become the most crowded trade, Bank of America Merrill Lynch found in a survey. The Nasdaq Composite rose 0.3%, on course for its 33rd record close of the year. The Dow Jones Industrial Average fell 1 point, or less than 0.1%, to 20982 and the S&P 500 lost less than 0.1%. The U.S. gold price rose again for the day, finishing 0.5% higher at 1,236.70 US$/oz.
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