Stock market close, July 23, 2014: The S&P 500 today (Thursday) gained 0.18% to set a new record high. The Nasdaq also gained, but the Dow Jones Industrial Index slipped. The International Monetary Fund slashed the 2014 growth forecast for the U.S. economy, cutting the expected growth rate from 2.0% to 1.7% for the year. It cited a slowdown in the first half of the year due to winter weather and decreased spending. The agency predicts the U.S. economy will grow by more than 3% for the balance of 2014.