Loading…
Thursday, October 02, 2014
Current Weather
Loading Current Weather....
Published: Thursday, 8/21/2014 - Updated: 1 month ago

Standard & Poor's 500 index closes at a record high; Hewlett-Packard gains on better results

ASSOCIATED PRESS

NEW YORK — Another round of buying on the stock market is sending the Standard & Poor’s 500 index to its latest record high.

Traders were encouraged by earnings gains and a decline last week in the number of people applying for unemployment benefits.

The S&P 500 rose five points, or 0.3 percent, to close at 1,992 today. That’s four points above the record close it reached July 24.

The Dow Jones industrial average gained 60 points, or 0.4 percent, to 17,039. The Nasdaq composite edged up five points, or 0.1 percent, to 4,532.

Hewlett-Packard rose 5 percent after the company reported its first sales increase in nearly three years. Sears fell 7 percent after reporting a wider loss.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.40 percent.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories