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Dow, S&P 500 close at new all time high

Last Updated: Thursday, May 16, 2013 - 09:26

Zee Media Bureau

New York: US stocks rose on Wednesday ended at record high again.

The overall market showed further signs of strength despite the S&P 500 rising to a record for the fourth session in a row. The broad market index has recorded 15 new closing highs this year.

The Dow Jones industrial average rose 60.44 points, or 0.40 percent, to close at a record 15,275.69. The Standard & Poor's 500 Index added 8.44 points, or 0.51 percent, to finish at a record 1,658.78. The Nasdaq Composite Index gained 9.01 points, or 0.26 percent, to close at 3,471.62.

During the session, the Dow touched an all-time intraday high at 15,301.34, while the S&P 500 reached a record intraday peak at 1,661.49. Earlier, the Nasdaq had hit a fresh 52-week high at 3,475.48.

The Nasdaq also hit its highest level since November 2000 although gains were limited by a steep decline in Apple shares.

Shares of Google however shot up to a new record high at USD 916.38 on news that it has adopted a streaming music business model. Google closed at USD 915.89, up 3.3 percent.

With Agency Inputs

First Published: Thursday, May 16, 2013 - 08:54
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