The Dow and S&P 500 set record closing highs on Wednesday helped by gains in industrial stocks, but losses in technology shares limited the advance and weighed on the Nasdaq Composite.

The Dow Jones industrial average rose 59.31 points, or 0.31 percent, to 19,083.18, the S&P 500 gained 1.78 points, or 0.08 percent, to 2,204.72 and the Nasdaq Composite dropped 5.67 points, or 0.11 percent, to 5,380.68.

The U.S. stock market will be closed Thursday for the Thanksgiving holiday.