S&P follows Dow to hit new record high
NEW YORK (Reuters) - U.S. stocks extended gains on Thursday and the S&P 500 followed the Dow Industrials to hit a record intraday high, as results from bellwethers including IBM and Morgan Stanley boosted investor confidence.
The Dow Jones industrial average rose 76.15 points or 0.49 percent, to 15,546.67, the S&P 500 ained 7.57 points or 0.45 percent, to 1,688.48 and the Nasdaq Composite added 5.06 points or 0.14 percent, to 3,615.06.
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India blocked an agreement on new global customs rules on Thursday, angering fellow members of the World Trade Organization who say Delhi's veto could be costly, economically and politically. Full Article