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Dow Jones has record close

Associated Press

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NEW YORK: There weren’t any major economic developments or blockbuster earnings. But that didn’t stop investors from pushing the Dow Jones industrial average to another record Wednesday.

The Dow notched its 33rd record close for the year, rising to 15,746.88 with some help from Microsoft, which rose after analysts at Nomura said investors should focus on how the company’s fortunes could improve once it picks a replacement for CEO Steve Ballmer.

Other indexes also gained, but not as much.

The Standard & Poor’s 500 index also went up, but not quite enough to set another record. The Nasdaq composite and the Russell 2000, an index of small-company stocks, edged lower. The patchy performance of the overall market suggests that investors may be getting wary of stocks after this year’s strong gains, said Sam Stovall, chief equity strategist at S&P Capital IQ.

Stovall said “investors are still a little bit nervous.”

The Dow climbed 128.66 points. The S&P 500 index rose 7.52 to 1,770.49, just one point below its all-time high set Oct. 29. It’s up 24 percent so far this year.

The Nasdaq composite fell 7.92 points to 3,931.95. The index reached a 13-year high at the end of last month.


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