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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Prime Minister Narendra Modi may consider using an executive order to push through laws overhauling the insurance and coal sectors, if the increasingly fractious parliament fails to pass them soon, two government officials said on Friday. Full Article