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Stock market closes at record high

6 months ago Friday, August 29, 2014 1:23:17 PM CDT August 29, 2014 Friday, August 29 2014 Aug 29, 2014 in News
Source: Associated Press
By: APNewsNow

The Standard & Poor's 500 is ending the week at a record high after a day of quiet trading.

Chip maker Avago Technologies jumped nearly 8 percent after reporting earnings that beat analysts' estimates.

The latest reports on the U.S. economy were mixed. Consumer sentiment improved in August, while spending fell and income growth slowed in July.

The Standard & Poor's 500 rose six points, or 0.3 percent, to finish at 2,003.37, an all-time high, Friday. The Dow Jones industrial average rose 18 points, or 0.1 percent, to 17,098. The Nasdaq composite rose 22 points, or 0.5 percent, to 4,580.

Bond prices barely budged. The yield on the 10-year Treasury note held at 2.34 percent.

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