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Record High Closing For S&P 500

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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.

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