Dow, S&P 500 Close at Record Highs

Nasdaq also closes higher
By Newser Editors and Wire Services
Posted Jun 13, 2017 3:16 PM CDT
Trader Robert Arciero, center, works on the floor of the New York Stock Exchange, Tuesday, June 13, 2017.   (AP Photo/Richard Drew)

(Newser) – A recovery in technology stocks after a two-day slump sent major US stock indexes to record highs on Wall Street, the AP reports. Facebook rose 1.5% Tuesday, and Alphabet, Google's parent company, rose 0.9%. Tech stocks, which have far outpaced the market this year, slumped on Friday and Monday as investors shifted money into sectors that have lagged this year, including energy and phone companies. Materials companies also did well. Dow Chemical rose 2%. The Standard & Poor's 500 index rose 10 points, or 0.5%, to 2,440. The Dow Jones industrial average rose 92 points, or 0.4%, to 21,328. The Nasdaq composite rose 44 points, or 0.7%, to 6,220. The Dow and S&P 500 closed at record highs. (Read more stock market stories.)

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