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05-07-2013, 04:30 PM #1
The Dow adds more than 85 points to end above 15,000 for the first time
CNN
The Dow adds more than 85 points to end above 15,000 for the first time. The S&P 500 gains 0.5% for another record close.
Dow closes above 15,000
By Maureen Farrell @Maureenmfarrell May 7, 2013: 4:08 PM ET
NEW YORK (CNNMoney)
It 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
Related: 20 biggest stock gainers
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.
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Corporate earnings dominate: Shares of DirecTV (DTV, Fortune 500) popped, after the company reported better-than-expected earnings.
Molson Coors Brewing (TAP), meanwhile, reported sales and profits that fell short of forecasts.
First Solar's (FSLR) stock plunged, after the company missed earnings estimates.
Tesla's (TSLA) stock dropped, after CEO Elon Musk said that a self-driving Tesla car is still several years from production.
OfficeMax (OMX, Fortune 500) 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 (DIS, Fortune 500), which reports earnings after the close, inked a deal with Electronic Arts (EA) to co-develop Star Wars video games.
Whole Foods (WFM, Fortune 500) and Kraft spin-off Mondelez (MDLZ) are among the other companies set to report results after the market close..
Related: Fear & Greed Index edging toward extreme greed
European markets closed higher, driven by strong results from financial firms Societe Generale (SCGLF) and HSBC (HBC).
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. To top of page
http://money.cnn.com/2013/05/07/inve...id=mkt_SF_newsNO AMNESTY
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