Dow Jones hits new high while broader market dips

NEW YORK, New York - The blue-chip Dow Jones index strode to a new high Friday while the Nasdaq Composite and Standard and Poor's 500 came under selling pressure.

"The market at this point is pretty much pricing in a soft landing, and pricing in that we have defeated inflation, and that the Fed will be able to lower rates without causing a bunch of harm to the economy," Liz Young Thomas, head of investment strate