Record High Closing For S&P 500
NEW YORK (CBSNewYork/AP) — The Standard & Poor’s 500 index closed at a record high on Thursday, and has turned positive for the year 2014 so far.
The all-time high Thursday came after solid results from a number of U.S. companies including Mylan, a drugmaker, and several retailers.
The S&P 500 has fallen just short of a record the previous three days. On Thursday, the index increased 9.13 points, or 0.5 percent, to 1,854.29 — beating its Jan. 15 record by six points.
The Dow Jones industrial average on Thursday rose 74.24 points, or 0.5 percent, to 16,272.65. The Nasdaq climbed 26.87 points, or 0.6 percent, to 4,318.93.
J.C. Penney shares jumped 25 percent after the department store operator swung to a profit in the fourth quarter after posting a big loss in the same period a year earlier.
You May Also Be Interested In These Stories
- Stolen Passports In Malaysia Airlines Flight Raise Major Security Concerns
- Police: Man Found Fatally Shot In Queens
- Report: Price Tag To Repair NYC Infrastructure Is $47 Billion
- Father Charged After 2-Year-Old Boy Brings Heroin To Daycare Center In Paterson
(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)