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Post by bot on Jul 21, 2016 0:00:50 GMT -5
Dow, S&P set new closing highs led by tech rally
U.S. stocks ended higher Wednesday, buoyed by a surge in tech stocks after a flurry of corporate earnings beat investors' lowered expectations. The Dow industrials rose 36.16 points, or 0.2%, to 18,595.1, setting a closing record for the seventh day in a row. The blue-chip gauge was boosted by a 5.3% rise in Microsoft Corp. . The S&P 500 rose 9.24 points, or 0.4%, to close at 2,173.02, also an all-time closing high, led by a 1.4% gain in tech stocks. Utilities were leading the losses, down 0.5%. The Nasdaq gained 53.56 points, or 1.1%, to finish at 5,089.93, its highest close of the year.
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