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Business

  • Apprentice slots open with union
    Plumbers & Steamfitters Local 166 will host an “Industry Advancement and Apprenticeship Promotion” event from today through Friday at the union's offices, 2930 W. Ludwig Road.
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    LOS ANGELES – The penalty for using an ATM that is not affiliated with your bank rose 5 percent over the past year.The average fee for using an out-of-network ATM climbed to a new high of $4.
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S&P 500 closes at record high

NEW YORK – The stock market has reached another milestone.

The Standard & Poor’s 500 index closed at a record high Thursday, beating the mark it set in October 2007, a year before the peak of the financial crisis.

The S&P rose six points, to 1,569, a gain of 0.4 percent, beating its previous record by four points. The index is still shy of its all-time trading high of 1,576.

The Dow Jones industrial average, which beat its own 2007 record three weeks ago, rose 52 points, or 0.4 percent, to 14,578.

The Nasdaq composite rose 11 points, or 0.3 percent, to 3,267.

Nearly two stocks rose for every one that fell on the New York Stock Exchange.

Volume was relatively light at 3.2 billion shares. Markets will be closed Friday for Good Friday.

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