The S&P 500 reached a record high Wednesday as strong earnings from Macy’s boosted investor confidence.
The stock index jumped 14.31 points, or .81%, and closed at 1782. The Dow Jones Industrial Average also rose to a high following a series of record-breaking closes in the past two weeks. It was up 70.96 points, or .45% Tuesday, to 15821.63.
Macy’s, which released third-quarter earnings that surpassed forecasts, was the latest major retailer to report strong recent sales and a positive holiday outlook.