Dow, S&P Close Again, At Record Highs

By: From CNN Money
By: From CNN Money


NEW YORK (CNNMoney) -- The bulls are on a roll. Stocks rose again Tuesday, despite a lackluster report on retail sales and a brief glitch involving the Nasdaq.

The Dow Jones industrial average jumped more than 100 points, to finish at a record closing high. The Dow is still slightly below its all-time intraday high though.

The S&P 500 also gained and closed at a record high for a third straight day, while the Nasdaq finished at its highest level since September 2000.

Retail sales slipped 0.1% in September. The decline was the first since March but was in line with expectations.

A separate report showed that home prices kept rising in August, with prices in 20 big cities climbing at a 12.8% annual rate, according to the S&P/Case-Shiller index.

The Federal Reserve was also be in focus as the central bank kicked off its two-day policy meeting. A statement is due Wednesday afternoon. The Fed is widely expected to keep its stimulus measures in place, but investors will be looking for signs to determine when the Fed may begin scaling back, or tapering, its $85 billion monthly bond buying program.

Nasdaq index prices briefly halted: The Nasdaq Composite index and Nasdaq-100 stopped updating just before noon due to dissemination issues. The indexes resumed updating at 12:45 ET. Options trading was halted, but stocks listed on the Nasdaq were not affected.

Still, this glitch is the latest in a string of malfunctions at the Nasdaq that began with the marred debut of Facebook (FB, Fortune 500) in May 2012.

Earnings still rolling in: Apple (AAPL, Fortune 500) shares started the day higher but ended down 2.5% as investors worried about the company's declining profit margin.


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