Dow Closes at All-Time High

Stocks close broadly higher on Wall Street
By Newser Editors and Wire Services
Posted Jul 12, 2017 3:11 PM CDT
Trader Jeffrey Vazquez, right, works on the floor of the New York Stock Exchange, Wednesday, July 12, 2017.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing broadly higher on Wall Street, led by solid gains in big technology companies, the AP reports. Facebook climbed 2.3% Wednesday, and Microsoft rose 1.7%. Airlines rose after United Continental and American Airlines reported solid results for June. United jumped 4.7% and American gained 4.2%. NRG Energy soared 29% after announcing plans to raise up to $4 billion through asset sales in a bid to lower debt. The Standard & Poor's 500 index rose 17 points, or 0.7%, to 2,443. The Dow Jones industrial average climbed 123 points, or 0.6%, to 21,532, a record high. The Nasdaq composite rose 67 points, or 1.1%, to 6,261. (Read more stock market stories.)

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