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Dow Ends Day Up 60

S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Aug 15, 2016 3:16 PM CDT

(Newser) – US stocks closed at a record high Monday behind gains for chemical and machinery companies, the AP reports. Energy companies rose as the price of oil continued its recent recovery. Makers of chemicals and mining companies made the biggest gains, and machinery companies and banks followed. Investors sold government bonds and utility and phone companies. Those stocks climbed earlier in the year as investors sought safety. Stocks have seesawed between small gains and losses for more than a week as investors consider mixed reports on the health of the economy and a decline in corporate earnings. That hasn't stopped them from setting records, but it's kept investors wary. The Dow Jones industrial average climbed 59.58 points or 0.3%, to 18,636.05. The Standard & Poor's 500 index rose 6.10 points, or 0.3%, to 2,190.15. The Nasdaq composite added 29.12 points, or 0.6%, to 5,262.02. (Read more Dow Jones stories.)

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