The U.S. stock market closed modestly higher on Thursday with the S&P 500 hitting an intraday record and finishing at an all-time high for the 13th time this year. Investors shrugged off data showing the economy contracted in the first quarter and focused instead on better-than-expected jobless claims and deal news in the food industry. The benchmark S&P 500 closed 10.25 points, or 0.5%, higher at 1,920.03. The Dow Jones Industrial Average added 65.50 points, or 0.4%, to 16,698.68. The Nasdaq Composite ended the day up 22.87 points, or 0.5%, at 4,247.95.
Source: Marketwatch
Source: Marketwatch
