Dow closes at record high
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Stocks surged Thursday, with the Dow Jones industrial average closing at an all-time high and the S&P 500 finishing at its 2006 peak, as investors cheered strong earnings news from the banking sector, a drop in jobless claims and a rebound in the tech sector.
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Stocks rallied and the Dow industrials hit a record high on Wednesday as investors welcomed Federal Reserve Chairman Ben Bernanke's assessment that the economy would grow moderately as inflation eases.
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It was a short but glorious week for the stock market, with both the Dow Jones industrial average and the Standard & Poorâs 500-stock index closing on Friday at record highs.
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The blue-chip Dow briefly rose above   its record closing high on Thursday, driven by optimism about   profit growth and falling crude oil prices, but the milestone   also attracted sellers seeking to lock in profits.
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The Dow Jones industrial average closed at its highest level ever Tuesday, and also made a new trading high, knocking out records from more than 6-1/2 years ago, thanks to a nearly 4 percent slide in oil prices.
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Dow sets second straight record NEW YORK, Dec. 15 (UPI) -- The Dow Jones industrials set a second straight closing record in the U.S. stock market Friday as investors showed elation over a favorable inflation signal.
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Stocks ended higher on Thursday, with the Dow finishing above 14,000 for the first time and hitting a record close, on profits that beat expectations in the technology and industrial sectors.
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The Dow Jones industrial average finished at an all-time closing high on Tuesday, surpassing the previous record set in 2000, as investors bet that sliding crude oil prices will stimulate consumer spending and lift corporate profits even as the economy slows.
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NEW YORK, May 30 -- The Standard & Poor's 500-stock index hit a record high today, marking the end of a four-year healing period for U.S. stocks battered by the burst of the tech bubble, the collapse of Enron and WorldCom, the Sept. 11 attacks and the wars in Afghanistan and Iraq.
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The Dow Jones industrial average posted its best week since November 19, rising slightly on Friday to achieve another record close, while the S&P 500 and the Nasdaq dipped as investors were reluctant to take long positions before the holiday weekend.
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The Dow closed at a record on Tuesday, though retreating from the 14,000 mark it earlier crossed for the first time, while the Nasdaq rose to a six-and-a-half-year high on a cascade of stronger-than-expected earnings.
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Stocks surged Wednesday afternoon, with the Dow Jones industrial average closing at its highest point ever, the S&P 500 hitting a 5-1/2 year high and the Nasdaq composite rising more than 2 percent.
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U.S. stocks rose for a fourth day on  Thursday, with the Dow briefly surpassing its record closing  high set in January 2000, driven by optimism about falling oil  prices.
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NEW YORK -- US stocks rose, sending the Standard &amp; Poor's 500 Index to its highest close in more than three years and erasing the Dow Jones industrial average's loss for 2004.
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NEW YORK, May 30 -- The Standard & Poor's 500-stock index hit a record high Wednesday, marking a four-year recovery of U.S. stocks battered by the burst of the tech bubble, the collapse of Enron and WorldCom, the Sept. 11, 2001, attacks and the wars in Afghanistan and Iraq.
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U.S. stocks rallied on Wednesday, driving the Dow Jones industrial average to a second straight record close, on optimism the Federal Reserve won't raise interest rates any time soon.
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U.S. stocks rose for a fourth day on   Thursday, with the Dow briefly surpassing its record closing   high set in January 2000, driven by optimism about falling oil   prices.