U.S. Stocks Close At Record Levels

After a somewhat shaky start to the session, the U.S. stock market limped higher, but still managed to reach record levels. The S&P 500 and Dow Jones Industrial Average hit record highs for the second straight day after ECB president Mario Draghi hinted to monetary stimulus of up to €1 trillion. Better-than-expected jobless claims data as well as productivity report may have contributed to positive sentiment. The S&P 500 closed 7.64 points, or 0.4%, higher to 2,031.21. The Dow Jones Industrial Average rose 69.94 points, or 0.4%, to 17,554.47. The Nasdaq Composite finished up 17.75 points, or 0.4%, at 4,638.47.