Stocks close at record highs as US hiring surges
- Associated Press
- July 2, 2014 - 3:21 PM
NEW YORK — Stocks are closing at record levels following news that business hiring surged in June.
Constellation Brands, the owner of Corona and Negra Modelo beer, rose 2 percent after the company said its income soared in the latest quarter.
Delta Air Lines dropped 5 percent after the company said growth in a key revenue figure slowed in June.
The Dow rose 20 points, or 0.1 percent, to close at 16,976 Wednesday.
The Standard & Poor's 500 index rose a point to 1,974. The Nasdaq composite edged down a point to 4,457.
Payroll processer ADP said U.S. businesses added 281,000 jobs last month, up from 179,000 in the previous month.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.62 percent.
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