Dow Ends Day Up 134
Dow, S&P 500 still at record highs
By Newser Editors and Wire Services
Posted Jul 14, 2016 3:14 PM CDT
Trader James Riley, left, and Richard Newman, right, work on the floor of the New York Stock Exchange, Thursday, July 14, 2016.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing higher, led by gains in banks and materials companies, the AP reports. JPMorgan Chase climbed 2% Thursday after the bank reported earnings that were better than analysts were expecting, thanks to a jump in trading revenue. Shares of Japanese messaging app Line soared 27% on their first day of trading. The Dow Jones industrial average rose 134 points, or 0.7%, to 18,506. The Standard & Poor's 500 index gained 11 points, or 0.5%, to 2,163. The Nasdaq composite increased 28 points, or 0.6%, to 5,034. The Dow and S&P 500 remain at record highs, but the Nasdaq is barely positive for the year.