Good news pushes Dow, S&P 500 to record highs NEW YORK (AP) — Stocks rebounded yesterday, sending the Dow Jones industrial average and Standard & Poor’s 500 index back into record territory. It was the second record-high close for the Dow this week and the third for the S&P 500. The modest gains erased losses from the day before, pushing the three major stock indexes further ahead for the week. Discouraging economic data out of Europe and China yesterday stoked worries of a global economic slowdown and sent stocks lower in early trading. But investors shrugged off those concerns, reassured by economic reports bearing good news on housing and the job market and more strong corporate earnings. Energy stocks led the gainers in the S&P 500 as oil prices rose. The S&P 500 index rose 4.03 points, to 2,052.75. That’s just above the index’s previous record-high close on Tuesday at 2,051.80. The Dow gained 33.27 points, to 17,719. That’s up from its last record-high close of 17,687.82 on Tuesday. The Nasdaq composite added 26.16 points, to 4,701.87. Source: dispatch/The post Good news pushes Dow, S&P 500 to record highs appeared first on Ohio news. ohianews/good-news-pushes-dow-sp-500-to-record-highs/
Posted on: Fri, 21 Nov 2014 07:20:16 +0000
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