US stock indexes inch higher; Homebuilders gain

AP News
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Posted: Nov 11, 2014 4:08 PM
US stock indexes inch higher; Homebuilders gain

NEW YORK (AP) — Tiny gains were enough to push major U.S. stock indexes to record highs.

Homebuilders advanced Tuesday after D.R. Horton reported a surge in orders. It was the second day in a row of good results from the industry. D.R. Horton gained 2 percent.

The Standard & Poor's 500 index edged up a point to 2,039.

The Dow Jones industrial average also rose a point to 17,614.

The Nasdaq composite rose nine points, or 0.2 percent, to 4,660.

It was the fifth straight record high close for the S&P 500 index and the 40th this year. The Dow also closed at a record.

Juniper Networks sank 5.7 percent after the maker of network equipment said its CEO resigned.

Bond trading was closed for Veterans Day.