The Dow and the S&P 500 closed at record highs on Thursday
after Morgan Stanley and others reported better-than-expected earnings and
Federal Reserve Chairman Ben Bernanke's comments further reassured the markets.
Shares of Morgan Stanley jumped 4.4 percent to $27.70, its
highest close since April 2011, after the bank posted a 42 percent increase in
quarterly profit as stock trading revenue soared. The S&P financial index
climbed 1.3 percent.
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