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S&P 500 hits record as rally continues after election

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Reuters NEW YORK

NEW YORK (Reuters) - The S&P 500 and the Dow industrials closed at record highs on Wednesday, led by energy and utility stocks, after Republicans took control of the Senate, raising investor hopes for more business- and energy-friendly policies.

The Dow Jones industrial average rose 100.69 points, or 0.58 percent, to 17,484.53, the S&P 500 gained 11.39 points, or 0.57 percent, to 2,023.49 and the Nasdaq Composite dropped 2.92 points, or 0.06 percent, to 4,620.72.

(Reporting by Yasmeen Abutaleb; Editing by Nick Zieminski)

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First Published: Nov 06 2014 | 2:44 AM IST

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