Trader Edward Curran, right, works on the floor of the New York Stock Exchange Wednesday, July 10, 2013. World stock markets eked out moderate gains Friday, July 12, 2013 building on a rally sparked by the Fed’s vow to continue supporting the U.S. economy, as investors awaited the latest growth figures from China. (AP Photo/Richard Drew)
It was another record day on Wall Street — barely.
After spending most of Friday flat or down, stocks rallied at the last minute and closed slightly higher, just enough to post new record highs for the Dow Jones industrial average and the Standard & Poor’s 500 index.
The gains were tiny. And the new record doesn’t mean much for investors, who hardly have any more money now than they did a day earlier. Login to read more