S&P 500 closes with another record, barely
Traders work on the floor of the New York Stock Exchange on Aug. 26, 2014 on Wall Street. Credit: Getty Images / Spencer Platt
Financial markets ended the day little changed, as the Standard & Poor's 500 index managed another closing record.
At the close on Wall Street, the S&P 500 eked out a gain of one-tenth of a point, enough to set another all-time high. The index closed at 2,000.12 points, a day after its first close above 2,000.
The Dow Jones industrial average rose 15 points, or 0.1 percent, to 17,122. The Nasdaq composite edged down a point to 4,569.
Trading was quiet before the Labor Day holiday weekend with many investors away on vacation. Trading volume was about one-third below average.
ELEGANT RESULTS: Tiffany rose gained 98 cents, or 1 percent, to close at $101.75. The Manhattan-based jewelry company's latest quarterly earnings beat Wall Street's forecasts.
LACKLUSTER FORECAST: The Congressional Budget Office said Wednesday it predicts the U.S. economy will grow by just 1.5 percent this year. The forecast reflects the severe winter weather that hurt growth in the first-quarter.
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