Dow closes at a record high, erases loss for year

NEW YORK (AP) — The Dow Jones industrial average is closing at an all-time high.

A gain of 45 points Wednesday left the Dow at 16,580, four points above the record high it set on Dec. 31. The Dow hadn't been in the black for 2014 until today. The Standard & Poor's 500 index increased five points, or 0.3 percent, to 1,883. The index is seven points below the record high set April 2.

The Nasdaq composite rose 11 points, or 0.3 percent, to 4,114. Twitter slumped 9 percent after its customer growth fell short of what investors were hoping for. The Federal Reserve said would reduce its bond purchases by another $10 billion a month, in line with what investors were expecting.

The yield on the 10-year Treasury note fell to 2.65 percent.

Related Headlines

  • US stocks drift at midday; Krispy Kreme sinks

    U.S. stocks are drifting between small gains in losses in midday trading. Krispy Kreme Doughnuts sank 6 percent after reporting earnings that fell short of analysts' forecasts 

  • Stocks open mixed on Wall Street

    Stocks are opening mixed on Wall Street with little news to drive trading. Major indexes are headed for a slight weekly loss, their second this month. The Dow Jones industrial ... 

  • Richard Devicarro

    US stocks stabilize at the end of a wild week

    U.S. markets are stabilizing at the end of a wild week. The Dow Jones industrial average rose two points, or 0.01 percent, to 16,661 as of noon Eastern time Friday. 

  • A wild day on Wall Street ends with Dow down 173

    Stocks are ending a wild day mostly lower as indexes recover much of an early plunge. Investors dumped risky assets Wednesday in heavy trading and parked their money in ... 

Find the best rates

Find your future job here