By and  on April 30, 2014

Investors looked past anemic U.S. economic growth in the first quarter and sided with the Federal Reserve’s rosier outlook, pushing the Dow Jones Industrial Average to a record high close today.

The Dow gained 0.3 percent to close at 16,580.84 — which counts as a record for the close, although the index has tiptoed higher in intraday trading. Retail stocks also gained. The S&P 500 Retailing Industry Group advanced 0.1 percent to 858.45.

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