S&P 500 closes at record again; financials, Apple lead
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 closed at another record high, pushing further above 1,600 as financial shares led the way after Bank of America’s settlement with MBIA. Apple’s advance helped lift both the S&P and the Nasdaq. Bank of America said it would settle claims with MBIA for $1. 6 billion, lifting shares of both companies as well as the S&P financial sector Index , which gained 1 percent. MBIA shares jumped 45. 4 percent to $14. 29 and Bank of America shares rose 5. 2 percent to $12. 88. The day’s gains followed a strong run in stocks since the start of the year. . . .
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