Us stocks


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  1. 1. U.S. stocks had another day of gains Thursday that pushedthe Dow and S&P 500 to new record highs.NEW YORK (CNNMoney)U.S. stocks had another day of gains Thursday that pushedthe Dow and S&P 500 to new record highs.The Dow Jones Industrial Average topped the previous days record high,rising 0.4% to close at 14,865.14. The blue chip index is now less than 1% awayfrom 15,000.The S&P 500 gained nearly 0.4% to 1,593.37, also a new record and putting thebroad index just 0.4% away from 1,600."Its a market thats climbed the walls of worry. When there are pullbacks, themarket rebounds quickly," said Tim Ghriskey, chief investment officer at SolarisAsset Management.The outlier was the Nasdaq , which was dragged down by weakness in the techsector. Shares of PC-related companies extended the prior days sell-offfollowing news that PC sales fell 14% worldwide last quarter.Shares of Microsoft (MSFT, Fortune 500), Intel (INTC, Fortune500) and Hewlett-Packard (HPQ, Fortune 500) fell between 3% and 7%.Herbalife (HLF) spiked 3% after the Securities and Exchange Commissionfiled insider trading charges against the former KPMG partner who was firedafter allegedly leaking insider trading information. KPMG resigned as auditor ofthe nutritional supplement company on Wednesday.Related: Stock rally has room to runOn the economic front, investors largely shrugged off a better-than-expectedweekly report on initial jobless claims.Retailers also reported a mixed bag of February same-store sales -- a key metricused to gauge consumer spending.Sales at Costco (COST, Fortune 500) rose 4%, missing forecasts,while Gap (GPS,Fortune 500) reported same-store sales that rose a better-than-expected 3% in the latest month.Shares of Yum Brands (YUM, Fortune 500) were slightly higher after falling inpremarket trading. The restaurant operator revealed that its same-store sales in
  2. 2. Chinadropped in March amid an ongoing food safety scandal and concernsabout bird flu.Despite the companys recall of 1.7 million vehicles because of airbagdefects, Toyota(TM) shares rose. Honda (HMC) shares also gained, even afterthe automaker said it was recalling 1.1 million vehicles with airbagproblems. Shares of airbag supplier Takata Corp closed down 9% in Tokyo.Related: Fear & Greed Index heads back into greedMeanwhile, corporate results continued to roll in.Drugstore chain Rite Aid (RAD, Fortune 500) swung to a profit in the latestquarter, trouncing forecasts and sending shares up 19%. Bed Bath &Beyond (BBBY, Fortune 500) reported earnings in line with forecasts, as salescontinued to rise.The first of the big banks, JPMorgan (JPM, Fortune 500) and WellsFargo (WFC,Fortune 500), will report their results ahead of the opening bellFriday.Related: Wall Street sours on goldEuropean markets closed higher, supported by Wall Streets record-breakingrun.Asian markets also ended with gains. The Shanghai Composite added 0.1%,the Hang Sengincreased 0.3% and the Nikkei jumped 2%.Oil prices were lower, while gold prices were slightly higher.The yield on the 10-year Treasury fell to 1.79% from 1.81% Tuesday.