Stocks Shake Off Early Slump, Close Higher

NEW YORK (May 15, 2013)--The Dow Jones industrial average rose 60 points to close at 15,275 Wednesday, a gain of 0.4 percent.

The Standard & Poor's 500 index rose eight points to end at 1,658, a gain of 0.5 percent.

Both the Dow and S&P are at record highs.

The Nasdaq composite rose nine points to close at 3,471, a gain of 0.3 percent.

Macy's rose after beating Wall Street's profit expectations, and Google rose after announcing a several upgrades to its Android operating system for smartphones, including a music streaming service.

Google closed above $900 a share for the first time, rising $28.79 to $915.89. Macy's rose $1.18 to $48.57.

Rising stocks outnumbered falling ones on the New York Stock Exchange, where volume was about average at 3.6 billion shares.


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