March 8, 2014
Retailers lead Dow, S&P 500 to record closing highs
US stocks rose today, with the Dow and S&P 500 ending at record highs as retail shares rallied following strong data about the holiday shopping season.
The Dow Jones industrial average ended up 122.33 points, or 0.75 percent, at 16,479.88. The Standard & Poor's 500 Index closed up 8.70 points, or 0.47 percent, at 1,842.02. The Nasdaq Composite Index closed up 11.76 points, or 0.28 percent, at 4,167.18.
Earlier, retail investors helped drive Tokyo's Nikkei share average to a six-year high, leaving it on track for its best yearly performance since 1972.
Elsewhere, Brent oil settled 8 cents higher at $111.98 a barrel while US crude rose 33 cents to $99.55.
Gold gained nearly 1 percent in thin trade but was still set for its biggest annual loss in three decades as rising optimism about growth pushes investors into stocks.