Update: Dow Rises to Record as Wall Street Logs Weekly Gains

() -- (Updates with market moves at the end of the day.) The Dow Jones Industrial Average rose to a record in a mixed Thursday session as Wall Street locked in gains for the holiday-shortened trading week despite volatility in the technology sector. The Dow gained 1.1% to 52,900.1. The Nasdaq Composite fell 0.8% to 25,832.7, and the S&P 500 was little changed at 7,482.7. Most sectors gained, led by healthcare, while technology posted the steepest decline. US markets will be closed Friday in observance of the Independence Day holiday, which falls on a Saturday this year. This week, the Nasdaq rose 2.1%, the Dow gained 2%, and the S&P 500 climbed 1.8%. In the tech sector, Cisco Systems (CSCO) shares fell 3.7% on Thursday, the biggest drop on the Dow, while Nvidia (NVDA) shed 1.4%, the third-largest decline on the index. Sandisk (SNDK) slumped 14%, the sharpest loss on the S&P. Tesla (TSLA) shares slid 7.5% even as second-quarter deliveries beat Wall Street's expectations. The electric-vehicle maker didn't provide any updates on key topics, including progress on its AI projects, Truist Securities said in a note. Apple (AAPL) shares rose 4.8%, the biggest gain on the Dow. The tech.