Dow hits another record as stocks close higher

Posted July 15, 2017

The telecom services group (-0.6%) lagged the field, as AT&T fell 1.7% after Bank of America downgraded the stock.

The Nasdaq composite outperformed the Dow and the S&P, rising 0.6 percent to close at 6,312.47.

The testimony boosted the Dow Jones by 0.6% to 21,532.14 - a record.

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NASDAQ measures a number of indices reflecting the reaction of USA's high tech markets and business environments on the country's political and economic developments which have an impact on high tech markets.

The Standard & Poor's 500 index rose 3 points, or 0.2 percent, to 2,446.

Target shares jumped 4.8 percent, Wal-Mart Stores gained 1.5 percent, Macy's 4.2 percent and Best Buy 2.6 percent.

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Thursday's action left the Nasdaq composite ahead almost 2% for the week and tracking toward its best weekly finish since late May.

Tiffany rose 1.9 percent as it named Alessandro Bogliolo, a veteran of the luxury industry, as its chief executive.

The S&P 500 is up 220.44 points, or 9.9 percent.

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The Russell 2000 is up 71.69 points, or 5.3 percent.