Dow closes at a record high, erases loss for year

Trader Steven Kaplan, right, works at the post that handles Twitter, on the floor of the New York Stock Exchange, Wednesday, April 30, 2014. Shares of Twitter dropped in morning trading Wednesday to their lowest point since the company went public in November. Investor concern remains over the short messaging service's ability to keep adding users and keep existing users engaged. (AP Photo)
April 30, 2014 1:23:17 PM PDT
The Dow Jones industrial average is closing at an all-time high.

A gain of 45 points Wednesday left the Dow at 16,580, four points above the record high it set on Dec. 31.

The Dow hadn't been in the black for 2014 until today.

The Standard & Poor's 500 index increased five points, or 0.3 percent, to 1,883. The index is seven points below the record high set April 2.

The Nasdaq composite rose 11 points, or 0.3 percent, to 4,114.

Twitter slumped 9 percent after its customer growth fell short of what investors were hoping for.

The Federal Reserve said would reduce its bond purchases by another $10 billion a month, in line with what investors were expecting.

The yield on the 10-year Treasury note fell to 2.65 percent.


Load Comments