Dow, S&P 500 hit records on momentum from Alibaba, Fed
New York Stock Exchange
New York - AFP
The Dow and S&P 500 bolted to fresh records Thursday on continued momentum from Wednesday's Federal Reserve decision and enthusiasm ahead of Alibaba's expected initial public offering Friday.
At the closing bell, the Dow stood at 17,264.59, up 107.74 points (0.63 percent), its second record close in a row. The S&P 500 gained 9.90 (0.49 percent) to 2,011.47, while the tech-rich Nasdaq Composite Index rose 31.24 (0.68 percent) to 4,593.43.
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