Dow, S&P 500 close at record high amid data, earnings


The Dow Jones Industrial Average is one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. The S&P 500 gained 11.44 points, or 0.47 percent, to 2,459.27.

USA stocks closed modestly higher Friday, notching record highs for several major US indexes.

The Nasdaq composite outperformed the Dow and the S&P, rising 0.6 percent to close at 6,312.47.

The Dow is up 223.40 points, or 1 percent. Weak retail sales and inflation numbers also raised the prospect of dovish policy from the Fed, which is bullish for stocks.

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On the Nasdaq, shares in Yandex jumped 15% after the company signed a deal with Uber to combine their Russian ride-sharing businesses.

The index for all items less food and energy rose 0.1 percent in June, its third straight such increase. DuPont (NYSE: DD) finished 1.1% higher. This was despite a mixed batch of second-quarter earnings from three major banks weighing on equities.

The Citigroup posted earnings per share of 1.28 dollars on revenue of 17.9 billion dollars, topping analyst expectations.

About 5.8 billion shares changed hands on USA exchanges, below the 6.8 billion daily average for the past 20 trading days, according to Thomson Reuters data. (NYSE: UNH) and Microsoft Corp (NASDAQ: MSFT).