Stocks Close Higher

NEW YORK (January 15, 2014) The Standard & Poor's 500 index closed up nine points Wednesday, or 0.5 percent, at 1,848.38, just two-hundredths of a point above its previous high set on Dec. 31, 2013.

Other indexes also rose.

The Dow Jones industrial average climbed 108 points, or 0.7 percent, to end the day at 16,481, which is 94 points short of the Dow's own record high, also from Dec. 31.

The Nasdaq rose 31 points, or 0.8 percent, to close at 4,214.

Bank of America led other bank stocks higher with a 2 percent gain. It reported a surge in profit in the fourth quarter.

Technology stocks also rose sharply. Microsoft rose 2.7 percent and Apple gained 2 percent.


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