US stocks: Dow closes at a record high, buoyed by IBM

May 10 2014, 02:10 IST
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The Dow Jones industrial average rose 32.37 points or 0.2 percent, to end unofficially at 16,583.34. Reuters The Dow Jones industrial average rose 32.37 points or 0.2 percent, to end unofficially at 16,583.34. Reuters
SummaryThe Dow ended at a record high on Friday, boosted by shares of IBM, while a rebound in high-growth momentum names helped the broader market.

The Dow ended at a record high on Friday, boosted by shares of IBM, while a rebound in high-growth momentum names helped the broader market.

The Dow Jones industrial average rose 32.37 points or 0.2 percent, to end unofficially at 16,583.34. The S&P 500 gained 2.85 points or 0.15 percent, to finish unofficially at 1,878.48. The Nasdaq Composite added 20.374 points or 0.50 percent, to 4,071.869.

For the week, the Dow rose 0.4 percent, while the S&P 500 fell 0.1 percent and the Nasdaq lost 1.3 percent.

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