"We're going to remain in this sideways situation for an extended period of time until we get real regulatory reform, real tax reform, some sort of economic push on infrastructure of healthcare," said Phil Blancato, CEO of Ladenburg Thalmann Asset Management in New York.
Boeing hit a record high, powering the Dow for the second day in a row, after a price target hike from Canaccord Genuity and new orders wins.
Among the laggards was Oracle, which sank 6.68 percent, headed for its worst day in more than 4 years, after disappointing forecasts for its profit and cloud business.
Advancing issues outnumbered decliners on the NYSE by 1,592 to 1,190. On the Nasdaq, 1,611 issues rose and 1,189 fell.
This article was provided by Reuters.