S&P and Dow soar to record

City A.M. Reporter
US SHARE indexes climbed to record highs yesterday after equity markets continued to rally past their pre-financial crisis peaks.

The Dow shot up 89 points to close at 14,662, after earlier rallying to an intraday high of around 14,684, beating a record high of 14,285 set last month.

The S&P 500 also closed at another high of 1,570, but failed to shoot past its intraday record of 1,576.09. The Nasdaq was up 0.48 per cent, at 3,254.86.

Health insurers helped propel the rise after the US government said it would allow a 3.3 per cent rise for Medicare Advantage insurers.