U.S. stocks rose, sending the Dow Jones Industrial Average to a record, as Internet shares rebounded after a three-day selloff and Gap Inc. led retailers higher.
The S&P 500 rose 0.2 percent to 1,878.46 at 4 p.m. in New York. The Dow increased 32.37 points, or 0.2 percent, to 16,583.34, topping its previous record close reached April 30. The Russell 2000 Index of small stocks added 0.9 percent. The Nasdaq Composite Index climbed 0.5 percent.
Today��s gain trimmed the S&P 500��s loss for the week to 0.1 percent. The technology-heavy Nasdaq Composite tumbled 1.3 percent, its biggest weekly drop in a month.
The Dow Jones Internet Composite Index rose 1.3 percent today, its first gain in four days. The gauge tumbled 3.6 percent for the week, led by declines of more than 15 percent in Twitter Inc. and Groupon Inc.
Source : Bloomberg