Dow, S&P 500 hit record highs on earnings, Fed
World BusinessJul 19, 2013
The Dow and the S&P 500 closed at new record highs Thursday on robust corporate earnings reports and the latest reaffirmation of the Federal Reserve's easy-money policy.The Dow Jones Industrial Average rose 78.02 (0.50 percent) to 15,548.54.The broad-market S&P 500 ended 8.46 (0.50 percent) higher at 1,689.37.The rally solidly topped both indices' prior closing records set Monday of15,484.26 on the blue-chip Dow and 1,682.50 on the S&P 500.The tech-rich Nasdaq Composite Index, meanwhile, eked ou