On Wall Street, A Record Day

NEW YORK (July 2, 2014) Stocks closed at record levels Wednesday after a private survey showed that hiring surged in June.

Constellation Brands, the owner of Corona and Negra Modelo beer, rose 2 percent after the company said its income soared in the latest quarter.

Delta Air Lines dropped 5 percent after the company said growth in a key revenue figure slowed in June.

The Dow rose 20 points, or 0.1 percent, to close at 16,976 Wednesday.

The Standard & Poor's 500 index rose a point to end at 1,974.

The Nasdaq composite edged down a point to 4,457.

Wednesday morning payroll processer ADP said U.S. businesses added 281,000 jobs last month, up from 179,000 in May.

The number exceeded even optimistic predictions.

Bond prices fell.

The yield on the 10-year Treasury note rose to 2.62 percent.


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