S&P 500 closes above 1,700 points for first time

New York • The stock market roared back to record highs on Thursday, driven by better news on the economy. The Standard & Poor’s 500, the Dow Jones industrial average and the Russell 2000 index set all-time highs. The S&P broke through 1,700 points for the first time. The Nasdaq hit its highest level since September 2000. The gains were driven by a steady flow of encouraging, if incremental, reports on the global economy. Overnight, a positive read on China’s manufacturing helped shore up Asian...

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