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Dow, S&P 500 nudge higher

Nov. 27, 2013 @ 07:04 AM

NEW YORK — Upbeat news from the housing industry and luxury retailer Tiffany & Co. nudged the stock market higher Tuesday.

Investors also got another market milestone when the Nasdaq composite closed above the 4,000-point mark for the first time in 13 years.

The event follows two other round-number moments last we e k .

The Standard & Poor’s 500 index closed above 1,800 for the first time, and the Dow Jones industrial average fin­ished above 16,000.

The Nasdaq closed up 23.18 points, or 0.6 percent, to 4,017.75. The last time the Nasdaq closed above the 4,000­point level was Sept. 6, 2000.

The other two major stock indexes inched higher. The Dow rose less than a point to 16,072.80. The S&P 500 index also rose less than a point, to 1,802.75.
 

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