S.&P. 500 Closes at Record
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A modest rally pushed the most widely followed benchmark of American stocks past a 2000 high.
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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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Australia&#39;s S&amp;P/ASX 200 Index rose to a record. Foodland Associated Ltd. surged after Metcash Trading Ltd., the nation&#39;s biggest grocery wholesaler, offered A$846 million ($660 million) for Foodland&#39;s local business.
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Oil prices close at record levels amid continuing supply worries, helping to push Wall Street to a 2004 low.
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The Dow Jones index of US shares reaches a record high for a second consecutive day, closing at 11,850.
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Driven by corporate buyouts, strong profit reports and stock buybacks, the market closed at a record high.
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Wall Street soared yesterday, propelling the Standard &amp; Poor's 500 index and Dow Jones industrials to record highs as bright spots among generally sluggish retail sales allowed investors to toss aside concerns about the health of the economy.
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The S&P 500 index, a measure of the largest U.S. stocks, rose to a lifetime high on Friday on optimism about economic growth, corporate takeovers and profits.
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Dow and S&amp;P close at records after surge; hedge funds may be rethinking their doubts.
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The record finish capped a four-month rally driven by corporate buyouts, strong profits and stock buybacks.
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The Dow soared about 280 points to a record close Thursday, posting its biggest gain in nearly 5 years, on a flurry of takeover activity and some upbeat retail sales numbers.
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The New York Stock Exchange's benchmark Dow Jones share index trades above its record closing high.
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The Dow closed at a record on Tuesday, striking above the 14,000 mark for the first time, and the Nasdaq rose to a six-and-a-half-year high on a cascade of stronger-than-expected earnings.
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Two of the major indexes notched record closes after the Fed raised hopes of an interest rate cut.
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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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US stocks rose, sending the Standard &amp; Poor&#39;s 500 Index to its highest close in more than three years and erasing the Dow Jones industrial average&#39;s loss for 2004.
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Record highs of the past week spill over into a patchy market, taking the S&amp;P 200 lower. Investors continued to take profits after last week&#39;s record highs, pushing the sharemarket slightly lower yesterday.