The Dow and the S&P 500 ended at record highs on Wednesday as strong results from Macy’s lifted consumer discretionary shares and investors bought stocks in anticipation of remarks by Janet Yellen, who is likely to become the first woman to lead the Federal Reserve.
The Dow Jones industrial average rose 70.96 points, or 0.45 percent, to end at 15,821.63, a record close. The Dow also hit an all-time intraday high of 15,822.98. The Standard & Poor’s 500 Index gained 14.31 points, or 0.81 percent, to finish at 1,782, which was both a record closing high and an all-time intraday high.
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