U.S. stocks close out week in record-high territory - CBS News

CBS News| Fri Jan 12 13:00:18 EST 2018
Gains for retailers pushed major U.S. stock indices to close higher on Friday, as the Standard & Poor's 500 stock index logged its seventh week of gains in the last eight. Interest rates also climbed after a key component of inflation accelerated last month. The yield on the two-year Treasury reached its highest level since 2008, when the financial crisis was peaking. The S&P 500 closed up 18 points, or 0.7 percent, at 2,786, an new high. The Dow Jones industrial average gained 228, or 0.9 percent, to 25,803, also a record, and the Nasdaq composite gained 49.28, or 0.7 percent, to close at 7,261. Kohl's (KSS)  jscored one of the biggest gains in the S&P 500 and closed up $2...

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