S&P 500 soars over record high
The stock index closes at an all-time, beating its October 2007 mark
Topics: Associated Press, S&P 500, Wall Street, Nasdaq, blackberry, Business News
UPDATE: Standard & Poor’s 500 stock index closes at all-time high of 1,569, beating October 2007 mark.
NEW YORK (AP) — The Standard & Poor’s 500 index is trading above its previous closing high reached in October 2007, a year before the peak of the financial crisis.
The S&P 500 was up four points, or 0.3 percent, at 1,567 shortly before noon Eastern time Thursday. That’s two points above its record close.
The Dow Jones industrial average rose 46 points, or 0.3 percent, to 14,572. The Nasdaq composite rose four points, 0.1 percent, to 3,260.
Research In Motion, the maker of BlackBerry smartphones, rose 3 percent to $14.95 after surprising analysts with a profitable quarter and better-than-expected sales of its touch-screen BlackBerry 10s.
The government reported that the U.S. economy grew faster than first estimated in the fourth quarter. However the annual rate of 0.4 percent was still anemic.
More Related Stories
-
The persistence of Carson Daly: How an MTV personality became face of "The Voice"
-
Predictions for tomorrow's jobs report
-
Text messaging down across the U.S.
-
6 insidious ways you're getting ripped off
-
Fracking ourselves to death in Pennsylvania
-
When nothing trickles down
-
Bangladesh building collapse toll climbs to 433
-
Turns out much-hyped settlement still allows banks to steal homes
-
Alex Jones: Conspiracy Inc.
-
Study: Medicaid improves mental health for uninsured
-
Media companies reap benefits of higher network fees
-
Patriot group hopes to become NASCAR sponsor
-
Man loses life savings in carnival game
-
Pope condemns "slave labor" conditions in Bangladesh
-
Voters not taking failed gun control legislation lightly
-
Big money arms the NRA
-
Workers stage May Day protest for higher wages, better conditions
-
Morning-after pill now available over-the-counter
-
Apple selling record amount in bonds
-
Online poker goes legit
-
Beanie Baby manufacturer's corrupt labor practices
Featured Slide Shows
The week in 10 pics
close X-
This photo. President Barack Obama has a laugh during the unveiling of the George W. Bush Presidential Center in Dallas, Tx., Thursday. Former first lady Barbara Bush, who candidly admitted this week we've had enough Bushes in the White House, is unamused.
Reuters/Jason Reed -
Rescue workers converge Wednesday in Savar, Bangladesh, where the collapse of a garment building killed more than 300. Factory owners had ignored police orders to vacate the work site the day before.
AP/A.M. Ahad -
Police gather Wednesday at the Massachusetts Institute of Technology to honor campus officer Sean Collier, who was allegedly killed in a shootout with the Boston Marathon bombing suspects last week.
AP/Elise Amendola -
Police tape closes the site of a car bomb that targeted the French embassy in Libya Tuesday. The explosion wounded two French guards and caused extensive damage to Tripoli's upscale al-Andalus neighborhood.
AP/Abdul Majeed Forjani -
Protestors rage outside the residence of Indian Prime Minister Manmohan Singh Sunday following the rape of a 5-year-old girl in New Delhi. The girl was allegedly kidnapped and tortured before being abandoned in a locked room for two days.
AP/Manish Swarup -
Clarksville, Mo., residents sit in a life boat Monday after a Mississippi River flooding, the 13th worst on record.
AP/Jeff Roberson -
Workers pause Wednesday for a memorial service at the site of the West, Tx., fertilizer plant explosion, which killed 14 people and left a crater more than 90 feet wide.
AP/The San Antonio Express-News, Tom Reel -
Aerial footage of the devastation following a 7.0 magnitude earthquake in China's Sichuan province last Saturday. At least 180 people were killed and as many as 11,000 injured in the quake.
AP/Liu Yinghua -
On Wednesday, Hazmat-suited federal authorities search a martial arts studio in Tupelo, Miss., once operated by Everett Dutschke, the newest lead in the increasingly twisty ricin case. Last week, President Barack Obama, Sen. Roger Wicker, R.-Miss., and a Mississippi judge were each sent letters laced with the deadly poison.
AP/Rogelio V. Solis -
The lighting of Freedom Hall at the George W. Bush Presidential Center Thursday is celebrated with (what else but) red, white and blue fireworks.
AP/David J. Phillip -
Recent Slide Shows
-
The week in 10 pics
-
"Arrested Development" character posters
-
Photos of the Boston manhunt
-
Newspaper headlines covering the Boston explosion
-
Most Read
-
71 names so awful New Zealand had to ban them
-
"This could be a career ender for Michele Bachmann"
-
He made me his drug mule
-
Ted Cruz will never be president
-
Claire Messud to Publishers Weekly: "What kind of question is that?"
-
Pictures of people who mock me
-
Is Michael Pollan a sexist pig?
-
How conspiracists think
-
Bush cancels Europe trip amid calls for his arrest
-
"Star Trek's" Wil Wheaton tells newborn girl why being a nerd "is awesome"
Popular on Reddit
links from salon.com
Comments
4 Comments