S&P 500, Nasdaq Close at Record Highs

Dow ends day up 70
By Newser Editors and Wire Services
Posted May 25, 2017 3:16 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) – Stocks indexes closed at record highs on Wall Street again as the market posted its sixth straight gain, its longest winning streak in three months, the AP reports. The Standard & Poor's 500 index and Nasdaq composite closed at all-time highs Thursday. Major retailers posted some of the biggest gains. Best Buy soared 21.5% after reporting earnings that beat forecasts. PVH, which owns Calvin Klein and Tommy Hilfiger, rose 4.8%. Slightly more than half of the stocks on the New York Stock Exchange rose. Energy and small-company stocks lagged the market. The price of oil fell sharply. The S&P 500 increased 10 points, or 0.4%, to 2,415. The Dow Jones industrial average rose 70 points, or 0.3%, to 21,082. The Nasdaq climbed 42 points, or 0.7%, to 6,205. (Read more stock market stories.)

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