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Dow Jones average is back at a record high

Trader Jonathan Corpina works on the floor of the New York Stock Exchange, Wednesday Nov. 6, 2013. Stocks rose in early trading Wednesday, sending major indexes back to record highs, as traders anticipated that the Federal Reserve will keep up its stimulus program for some time. (AP Photo/Richard Drew)

Trader Jonathan Corpina works on the floor of the New York Stock Exchange, Wednesday Nov. 6, 2013. Stocks rose in early trading Wednesday, sending major indexes back to record highs, as traders anticipated that the Federal Reserve will keep up its stimulus program for some time. (AP Photo/Richard Drew)

NEW YORK— The Dow Jones industrial average is closing at another record high.

The Dow rose 128 points, or 0.8 percent, to 15,746, beating the record it set last Tuesday by 66 points.

The Standard & Poor’s 500 index rose seven points, or 0.4 percent, to 1,770, just one point below its own all-time high.

One of the biggest gainers in the S&P 500 index was Ralph Lauren, which rose $9.33, or 5.5 percent, to $180.52. The luxury retailer reported earnings that beat analysts’ estimates and issued an optimistic forecast for the holiday season.

The Nasdaq composite fell eight points, or 0.2 percent, to 3,932.

The yield on the benchmark 10-year Treasury note fell to 2.63 percent from 2.67 percent.

More stocks rose than fell on the New York Stock Exchange.

— Associated Press

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About Ross Reily

Ross Reily is editor of the Mississippi Business Journal. He is a husband to an amazing wife, dad to 3 crazy kids and 2 dogs. He is also a fan of the Delta State Fighting Okra and the Boston Red Sox.

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