Dow Jones Industrial hits fresh record as US stocks rally
Published on May 10, 2014 5:28 AM
NEW YORK (AFP) - The Dow closed at a fresh record high as US stocks rallied Friday, with investors shrugging off mixed earnings reports and uncertainty over the Russia-Ukraine crisis.
The Dow Jones Industrial Average advanced 32.37 points (0.20 per cent) to 16,583.34, 2.5 points above the previous high on April 30.
The broad-based S&P 500 added 2.85 (0.15 per cent) at 1,878.48, while the tech-rich Nasdaq Composite Index outperformed, gaining 20.37 (0.50 per cent) at 4,071.88.
Wall Street had some "pretty positive" economic data this week, said Art Hogan, chief market strategist at Wunderlich Securities.
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