Stocks close at record highs as US hiring surges

Published on NewsOK Modified: July 2, 2014 at 3:14 pm •  Published: July 2, 2014
Advertisement
;

NEW YORK (AP) — Stocks are closing at record levels following news that business hiring surged in June.

Constellation Brands, the owner of Corona and Negra Modelo beer, rose 2 percent after the company said its income soared in the latest quarter.

Delta Air Lines dropped 5 percent after the company said growth in a key revenue figure slowed in June.

The Dow rose 20 points, or 0.1 percent, to close at 16,976 Wednesday.

The Standard & Poor's 500 index rose a point to 1,974. The Nasdaq composite edged down a point to 4,457.

Payroll processer ADP said U.S. businesses added 281,000 jobs last month, up from 179,000 in the previous month.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.62 percent.