![S&P 500 Index Closes Above 1,900 For First Time](http://townsquare.media/site/36/files/2012/05/Wall-Street-spencer-platt-Getty2-300x20031112.jpg?w=980&q=75)
S&P 500 Index Closes Above 1,900 For First Time
NEW YORK (AP) — The Standard & Poor's 500 index has closed above 1,900 for the first time.
Homebuilder stocks rose after the government reported that sales of new homes increased last month. Investors also bid up shares in GameStop and Hewlett-Packard after the companies reported positive earnings.
Trading was relatively quiet ahead of the Memorial Day holiday weekend.
The S&P 500 gained eight points, or 0.4 percent, to close at 1,900 Friday. That's three points above the index's previous all-time high close 10 days ago. It's up 2.8 percent for the year.
The Dow Jones industrial average rose 63 points, or 0.4 percent, to 16,606.
The Nasdaq composite added 31 points, or 0.8 percent, to 4,185.
The yield on the 10-year Treasury note fell to 2.53 percent.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
More From News Talk 96.5 KPEL
![Donald Trump Has Made His Vice Presidential Pick](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2159730000.jpg?w=980&q=75)
![Man Wins $100,000 With Lottery Strategy From Watching ‘Lottery Changed My Life’](http://townsquare.media/site/33/files/2022/04/attachment-giorgio-trovato-BRl69uNXr7g-unsplash.jpg?w=980&q=75)
![Louisiana to be Prominently Featured at Republican National Convention](http://townsquare.media/site/36/files/2024/07/attachment-RNC-LOGO.jpg?w=980&q=75)
![What We Know About the 20-Year-Old Man Who Tried to Assassinate Donald Trump](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2161922154.jpg?w=980&q=75)
![Local Officer Encountered Gunman Just Before He Shot Toward Trump at Rally](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2161922387.jpg?w=980&q=75)
![Man Killed at Trump Rally Identified as Former Fire Chief, ‘Girl Dad’ who ‘Died a Hero’](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-2024-07-14T144115.615.jpg?w=980&q=75)
![UPDATE: Trump Safe, Shooter Neutralized After Shots Fired at Rally](http://townsquare.media/site/36/files/2024/07/attachment-Shooting-Trump-Rally-Pennsylvania.jpg?w=980&q=75)
![Did Authorities Spot the Loch Ness Monster On a Texas Highway?](http://townsquare.media/site/36/files/2024/07/attachment-Screen-Shot-2024-07-09-at-8.07.05-AM.jpg?w=980&q=75)
![‘Birds Aren’t Real’ Movement Claim Birds Are a Government Conspiracy](http://townsquare.media/site/33/files/2021/06/attachment-Birds-Arent-Real-2.jpg?w=980&q=75)