Dow, S&P 500 Close at Record Highs

Dow climbs 251 points
By Newser Editors and Wire Services
Posted Sep 20, 2018 3:04 PM CDT
Dow, S&P 500 Close at Record Highs
Trader Frank Masiello works on the floor of the New York Stock Exchange, Thursday, Sept. 20, 2018. A wave of buying sent U.S. stocks solidly higher on Wall Street Thursday, pushing the Dow Jones Industrial Average above the all-time high it closed at in January.   (AP Photo/Richard Drew)

The Dow Jones Industrial Average closed at a record high, beating the mark it set in January, the AP reports. The S&P 500, a benchmark for many index funds, also beat the all-time high it set last month. Big technology companies led the charge on Wall Street Thursday as Facebook and Microsoft posted big gains. Banks were also higher. Utilities and other safe-play stocks lagged as investors shoveled money into riskier assets. The Dow climbed 251 points, or 1%, to 26,656. The S&P 500 rose 22 points, or 0.8%, to 2,930. The Nasdaq composite climbed 78 points, or 1%, to 8,028. (President Trump earlier tweeted about the record high.)

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