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Friday, 25 January 2013

DOW : Stocks End Off Highs After S&P 500 Tops 1,500

13,825.33 Up 46.00(0.33%)

By: Writer






The S&P 500 closed higher for the seventh-consecutive session Thursday after crossing above the 1,500 level for the first time since December 2007, but Apple ended near session lows, putting a damper on the tech-heavy Nasdaq.

The Dow Jones Industrial Average climbed 46.00 points, or 0.33 percent, to end at 1,3825.33, led by Cisco and Boeing. Alcoa led the blue-chip laggards.

The Dow is up nearly 5.5 percent so far this month, on pace for the best January performance since 1997 when the index rose 5.7 percent. The index is also within 3 percent of its all-time closing high of 14,164.53 points hit on October 9, 2007.

The S&P 500 squeezed out a gain of 0.01 points to finish at 1,494.82, logging its first seven-day win streak since October 2006. Earlier, the index crossed above 1,500 for the first time since December 2007.

 Meanwhile, the Nasdaq declined 23.29 points, or 0.74 percent, to close at 3,130.38, mainly dragged by Apple. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended above 12.

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