Dow Ends Day Up 74
Stocks post fifth straight gain
By Newser Editors and Wire Services
Posted May 24, 2017 3:11 PM CDT
Specialist Anthony Rinaldi, left, works with traders Robert Arciero, center, and James Conti at his post on the floor of the New York Stock Exchange, Tuesday, May 23, 2017.   (AP Photo/Richard Drew)

(Newser) – US stocks are posting their fifth straight gain, setting another record high for the Standard & Poor's 500 index, the AP reports. The slow but steady gains over the past several days were enough to erase most of the losses the market took in a sharp downturn last Wednesday. Technology companies, the best-performing sector this year, continued to put up big gains. Facebook added 1.3% and Google parent Alphabet rose 0.7%. TurboTax maker Intuit jumped 6.7% after beating analysts' forecasts for earnings, while Tiffany slumped 8.7% after its results fell short. The S&P 500 index increased 5 points, or 0.3%, to 2,404. The Dow Jones industrial average rose 74 points, or 0.4%, to 21,012. The Nasdaq composite gained 24 points, or 0.4%, to 6,163.

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