US STOCKS - Nasdaq Closes above 17,000 while S&P 500 Slightly Higher

WALL STREET - NEW YORK, May 28 (Reuters) - The Nasdaq crossed 17,000 for the first time ever on Tuesday, boosted by gains in Nvidia, while the S&P 500 closed barely higher and the Dow ended lower as Treasury yields rose.

Nvidia NVDA.O jumped 7% and boosted shares of other chip stocks as traders returned from a holiday-extended weekend. An index of semiconductors .SOX rose 1.9%.