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Stocks traded mixed after largely disappointing economic news, and as companies delivered a varied batch of earnings a day after the market hit record multi-year highs across-the-board.
The Dow Jones Industrial Average rose more than 30 points following a rally sparked by Federal Chairman Ben Bernanke's remarks during his first-ever press conference.
Among Dow components, DuPont and Boeing gained, while Johnson & Johnson and Verizon fell.
The S&P 500 rose, while the tech-heavy Nasdaq fell slightly. The CBOE Volatility Index, widely considered the best gauge of fear in the market,fell to nearly 15.
Among key S&P sectors, materials and consumer discretionary gained, while energy and technology slipped.
The Dow Jones Transportation Averagerose above its record closing level of 5,492.95, reached on June 5, 2008, after ending higher for the sixth consecutive session on Wednesday. On Thursday, the transportation average traded above 5,496. The intraday record was 5,536.57, reached on May 19, 2008.
Small cap stocks are also trading at record highs. The Russell 2000 Indexof small caps hit an all-time high on Wednesday, closing at 858.31. The index is up slightly again today.
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