Stocks: Dow hits record; Nasdaq breaks 10-day win streak

Stocks were little changed and closed mixed Wednesday as the Dow inched further into record territory but the Nasdaq broke its 10-day winning streak.

Trading was relatively subdued as investors reviewed the latest corporate earnings news and digested remarks by Fed Chair Janet Yellen in her second day of Capitol Hill testimony. Her comments didn't generate any major market-moving news. A day earlier, Yellen suggested that the Fed is not in a hurry to raise interest rates.

"The market is just trying to figure out whether the next move is up or down," said David Lebovitz, global market strategist at J.P. Morgan Asset Management.

The Dow Jones industrial average rose 15.38 points, or 0.1%, to a record close of 18,224.57.

The Standard & Poor's 500 index retreated from its previous day's closing record and fell 1.62 points, or 0.1%, to 2113.86.

The Nasdaq composite fell 0.98 to 4967.14. The tech-heavy index had posted gains for the previous 10 trading sessions on its upward march back toward 5000. The benchmark last reached that level 15 long years ago, in those magic days before the bursting of the tech-dotcom bubble.

Benchmark U.S. crude rose $1.71 to close at $50.99 a barrel in New York. The 10-year Treasury yield fell to 1.97% from 1.98% Tuesday.

Stocks closed at new highs Tuesday as investors reacted positively to remarks from U.S. Federal Reserve Chair Yellen and Greece won EU approval for its proposed budget reforms. Yellen spoke Tuesday before the Senate banking committee.

In earnings news:

• Target shoppers delivered strong sales for the retailer in the fourth quarter but the company's earnings fell as it prepares to dissolve its business in Canada. TGT shares rose 0.3% to $77.15.

At home-improvement giant Lowe's, sales at stores open at least a year climbed 7.3%. LOW shares fell 0.3% to $74.43. The shares had gained about 8% this year.

European shares ended mixed. The FTSE of Britain fell 0.2% to 6935.38, retreating from its all-time high set Tuesday of 6949.6. That mark broke the prior, longstanding all-time-high close of 6930.2 set way back on Dec. 30, 1999.

Germany's DAX index gained slightly, rising 0.04% to 6935.38 and France's CAC dipped 0.1% to 4882.22.

In Asia, Japan's Nikkei 225 index fell 0.1% to close at 18,585.20, while Hong Kong's Hang Seng index gained 0.1% to 24,778.28.

Contributing: The Associated Press