S&P 500 cruises to new record

AFP
US stocks followed the downward trend with the Dow Jones Industrial Average mid session at 17,589.91 points, down 0.8 percent
US stocks followed the downward trend with the Dow Jones Industrial Average mid session at 17,589.91 points, down 0.8 percent (AFP Photo/Spencer Platt)

New York (AFP) - The S&P 500 set a new record Thursday as US stocks powered higher, shrugging off geopolitical problems elsewhere and gaining from fresh signs of strength in the US economy.

The S&P added 5.86 points (0.29 percent) to hit 1,992.37, four points above the previous record on July 24. The Dow Jones Industrial Average gained 60.62 (0.36 percent) to 17,039.75, while the Nasdaq Composite rose 5.62 (0.12 percent) to 4,532.10.