U.S. stocks notched yet another high Wednesday, with both the blue-chip Dow Jones Industrial Average and the S&P 500 ascending to new peaks as investors piled into defensive shares and bank stocks.
Shortly after the 4 p.m. closing, the broad-based S&P 500 added 8.44, or 0.51 percent, to close at 1,658.78, and the 30-stock Dow Jones Industrial increased 60.44, or 0.40 percent, to settle at 15,275.69. The final closing figures could be fractionally different from these numbers.
Before closing, the S&P 500 jumped more than 1 percent to close at 1,661.49, a record intra-session high and its ninth such achievement in the last 10 sessions. The Dow gained more than 100 points to reach 15,301.34, a record intra-session high.
On average, major U.S. equity indexes have gained about 15 percent so far this year.
Mike Obel assigns, edits and writes stories about business, markets, finance and economics. Before coming to International Business Times, he worked on the Finance Desk of...