S&P Closes At Record High

NEW YORK (August 29, 2014) The Standard & Poor's 500 ended the week at a record high after a day of quiet trading Friday.

Chip maker Avago Technologies jumped nearly 8 percent after reporting earnings that beat analysts' estimates.

The latest reports on the U.S. economy were mixed.

Consumer sentiment improved in August, while spending fell and income growth slowed in July.

The Standard & Poor's 500 rose six points, or 0.3 percent, to finish at 2,003.37, an all-time high, Friday.

The Dow Jones industrial average rose 18 points, or 0.1 percent, to close at 17,098.

The Nasdaq composite rose 22 points, or 0.5 percent, to end at 4,580.

Bond prices barely budged.

The yield on the 10-year Treasury note held at 2.34 percent.


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