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Dow hits record as US stocks extend rally

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AFP New York
The Dow shot up to a new record today as global equity markets rallied again amid confidence in US economic strengthening and the continuation of central bank easy-money policies.

At the closing bell, the Dow Jones Industrial Average was up 0.7 per cent.

The broad-based S&P rose 0.7 per cent to hit a record for the second straight day, while the Nasdaq Composite Index gained 0.7 per cent to close above 5,000 for the first time all year.

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First Published: Jul 13 2016 | 2:02 AM IST

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