Dow, S&P 500 at new records after economic data

A trader works on the floor of the New York Stock Exchange during the opening bell in New York, on Nov 27, 2013. US stocks on Wednesday rose to new records following a stream of mixed economic data on the eve of the Thanksgiving holiday. -- PHOT
A trader works on the floor of the New York Stock Exchange during the opening bell in New York, on Nov 27, 2013. US stocks on Wednesday rose to new records following a stream of mixed economic data on the eve of the Thanksgiving holiday. -- PHOTO: REUTERS 

NEW YORK (AFP) - US stocks on Wednesday rose to new records following a stream of mixed economic data on the eve of the Thanksgiving holiday.

At the closing bell, the Dow Jones Industrial Average tacked on 24.21 (0.15 per cent) at 16,097.01.

The broad-based S&P 500 rose 4.49 (0.25 per cent) to 1,807.24, also reaching a new record. The tech-rich Nasdaq Composite Index added 27.00 (0.67 per cent) at 4,044.75.

The gains came after a stream of economic data ahead of Thanksgiving, for which US markets will be closed on Thursday.

While data on durable goods disappointed, analysts pointed to solid reports on jobless claims and consumer confidence. Analysts said the data was strong enough to keep the bull market going on a day when volumes were low.

"By and large the economic numbers were okay and point to an economy picking up a bit," said Peter Cardillo, chief market economist at Rockwell Global Capital.