Wall Street hits fresh record close

S&P 500 touches new high after weekly jobless claims hit three-month low.

US stocks closed mostly higher with the S&P 500 hitting a fresh record as investors cheered a sharp drop in weekly unemployment claims. The development was a welcome surprise ahead of tomorrow's official monthly jobs report.

The Dow Jones Industrial Average was up 62 points, or 0.38%, to 16,422.

The broad S&P 500 index advanced three points, or 0.17%, to 1,877, breaking the closing record mark set two days ago.

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