(NEW YORK) — The Dow Jones Industrial Average cruised back into record territory Wednesday, closing at a new record high. The blue chips index finished the session up 128 points, at 15,746.88.
The main catalyst for the continued Wall Street surge is the feeling by traders that the Federal Reserve will keep up its stimulus program for some time.
The Nasdaq Composite fell eight points to 3,931.95. The S&P 500 added 7.52 points to finish at 1,770.49.
Investors are also anticipating Thursday’s Twitter IPO. The microblogging site is set to announce pricing Wednesday.
As for earnings, Microsoft and Time Warner’s latest numbers beat expectations, while Humana and Tesla’s earnings missed the mark.
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Billy Hallowell, Deseret News
Wayne Drash, CNN