Dow, S&P close at records as energy shares rise
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Stocks rose on Monday with the S&P 500 and the Dow industrials eking out closing records as higher energy shares and a fresh round of takeovers offset concerns about a sharp sell-off in Chinese stocks.
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After a shaky start Wednesday morning, stocks turned higher, with the Dow Jones industrial average hitting a new record trading high, after closing at its best level ever on Tuesday.
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Leading shares have closed comfortably higher, fuelled by energy stocks as crude prices tested 60 usd a barrel, but with index gains capped by mixed trading on Wall Street as the oil price dampened a flurry of M&amp;A activity.
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U.S. stocks rose on Wednesday, driving the S&P 500 up more than 1 percent as shares of Exxon Mobil Corp.  and other energy companies advanced on rising oil prices, and after the U.S. government raised its estimate of third-quarter economic growth.
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NEW YORK : Wall Street shares closed higher on Tuesday, but record oil prices capped the day&#39;s gains amid concerns over a multi-billion-dollar tax bill facing Russian oil giant Yukos.
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U.S. stocks rebounded on Wednesday, with the S&P and Nasdaq rising more than 2 percent, led by technology companies as investors snapped up beaten down shares, while the energy sector benefited from a surge in oil prices.
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U.S. stocks rallied on Thursday, sending the Dow Jones industrial average to a record close, as strong profits from such companies as Bear Stearns Cos. boosted optimism about the economy.
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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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Stocks closed higher on Thursday as a 2 percent gain in oil prices boosted shares of Exxon Mobil Corp.  and other energy companies while data showing moderate inflation increased optimism about the economy.
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The Dow Jones industrial average  finished at a record high on Tuesday, as a rise in oil prices boosted shares of Exxon Mobil Corp.  and investors thought a jump in an inflation gauge would not necessarily lead to increasing interest rates.
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UK blue chips recovered from morning losses to close higher, with oil heavyweights gaining on record crude prices, and Wall Street edging higher, but still seeking direction ahead of the Federal Reserve&#39;s meeting on Tuesday.
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U.S. stocks extended their rally on  Thursday, taking the Dow to its highest close since March, as  oil prices fell -- easing concerns about the impact of high  energy costs on profits and consumer spending.
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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 Jones index ends at a new record high of 12,765, beating a record set one day earlier.
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Stocks enjoyed a late-day rally yesterday, finishing higher despite a new record price for oil and gloomy third-quarter outlooks from several companies.
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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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U.S. stocks rose slightly on Thursday, pushing the Dow Jones industrial to a record closing high for a third day and the S&P 500 to a fresh 5-1/2-year high, after an increase in retailers' September sales fueled hopes that spending will stay strong.