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Hasbro helps S&P 500 post
third straight record close

Associated Press

NEW YORK: Toy maker Hasbro and the V.F. Corp., which owns clothing brands including Wrangler and the North Face, were among the biggest gainers Monday in the Standard & Poor’s 500 index after reporting earnings that beat analysts’ expectations.

The S&P 500 closed up a fraction of a point at 1,744.66, an all-time high, its third consecutive record close. Stocks climbed last week after Washington reached a deal to end a 16-day government shutdown and avert a default on the nation’s debt.

The index is up 22 percent so far this year, putting it on track for its best year since 2009.

The Dow Jones industrial average edged down 7.45 points, or 0.1 percent, to 15,392.20. The Nasdaq composite rose 5.77 points, or 0.2 percent, to 3,920.05.

Netflix jumped in after-hours trading after the company said its net income quadrupled to $32 million, or 52 cents a share. That beat analyst expectations for 48 cents a share.


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