US stocks gain, pushing market back near record levels

US stocks gain, pushing market back near record levels

By The Associated Press | Posted - May 4, 2015 at 2:12 p.m.


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NEW YORK (AP) — Stocks are closing slightly higher, putting the U.S. market close to record high.

The Standard & Poor's 500 rose six points, or 0.3 percent, to 2,114 Monday. That's three points short of the record high it closed at on April 24.

The Dow Jones industrial average rose 46 points, or 0.3 percent, to 18,070. The Nasdaq composite rose 11 points, or 0.2 percent, to 5,016.

Cognizant Technology Solutions jumped 6 percent, the most in the S&P 500, after the consulting company reported earnings that beat analysts' forecasts. Cognizant also raised its earnings and sales outlook for the year.

Crude oil fell 22 cents to close at $58.93 a barrel in New York.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.14 percent.

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