Dow closes above 15,000 for first time

Stocks upIt was another record-setting day on Wall Street. This time, the Dow closed above 15,000 for the first time ever, hitting 15,056.

Investors also pushed the S&P 500 to a new record. The broad index gained 0.5% to end at 1,625.96

The stock euphoria didn’t touch the Nasdaq. The tech-heavy index ticked up just 0.1% after wafting on either side of the breakeven line for much of the day.

Stocks have had a remarkable run this year, with all three indexes logging gains of 14% to 15% so far.

Corporate earnings dominate: Shares of DirecTV popped, after the company reported better-than-expected earnings.

Molson Coors Brewing, meanwhile, reported sales and profits that fell short of forecasts.

First Solar’s stock plunged, after the company missed earnings estimates.

Tesla’s stock dropped, after CEO Elon Musk said that a self-driving Tesla car is still several years from production.

OfficeMax widely missed earnings forecasts and said revenue this year would come in below analysts’ estimates. At the same time, the office supply company issued a special dividend of $1.50 a share.

Also, Walt Disney Company, which reports earnings after the close, inked a deal with Electronic Arts to co-develop Star Wars video games.

Whole Foods and Kraft spin-off Mondelez are among the other companies set to report results after the market close..

European markets closed higher, driven by strong results from financial firms Societe Generale and HSBC.

Asian markets ended higher. The Shanghai Composite increased 0.2% and the Hang Seng added 0.6%. The Nikkei rose 3.6% to close above the 14,000 point barrier as traders returned after a holiday.
The-CNN-Wire/Atlanta/+1-404-827-WIRE(9473)

 

TM & © 2013 Cable News Network, Inc., a Time Warner Company. All rights reserved.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 520 other followers