Dow soars to record high - New York Report

THE DOW and S&P 500 closed at record highs yesterday, lifted by further gains in healthcare shares and hopes for a stronger global economy.

The S&P 500 scored its fourth straight day of gains.

The Dow Jones industrial average rose 40.07 points, or 0.23 per cent, to 17,687.82, a record high. The S&P 500 gained 10.48 points, or 0.51 per cent, to 2,051.8, its biggest one-day move since 5 November.

The Nasdaq Composite added 31.44 points, or 0.67 per cent, to 4,702.44.

Shares of Actavis were up 8.7 per cent at $269.60, helped by bullish analyst notes, while Gilead’s stock rose 3.3 per cent to $103.71.

Among the most active stocks were Petrobras, up 0.96 per cent at $9.42, and General Electric, up 1.50 per cent at $27.01.

On the Nasdaq, Apple, up 1.3 per cent to $115.47, was among the most active.