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News Story
Updated: 01/16/2014 01:19:01AM

S&P 500 trades above all-time closing high

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FILE - In this Tuesday, Jan. 14, 2014, file photo, Trader Richard Newman works on the floor of the New York Stock Exchange. Stock markets rose Wednesday Jan. 15, 2014 as an upbeat World Bank assessment of the global economic outlook underpinned buying spurred by stronger U.S. retail sales. (AP Photo/Richard Drew, File)

FILE - In this Tuesday, Jan. 14, 2014, file photo, Trader Richard Newman works on the floor of the New York Stock Exchange. Stock markets rose Wednesday Jan. 15, 2014 as an upbeat World Bank assessment of the global economic outlook underpinned buying spurred by stronger U.S. retail sales. (AP Photo/Richard Drew, File)

FILE - In this Tuesday, Jan. 14, 2014, file photo, Trader Richard Newman works on the floor of the New York Stock Exchange. Stock markets rose Wednesday Jan. 15, 2014 as an upbeat World Bank assessment of the global economic outlook underpinned buying spurred by stronger U.S. retail sales. (AP Photo/Richard Drew, File)

FILE - In this Tuesday, Jan. 14, 2014, file photo, Trader Richard Newman works on the floor of the New York Stock Exchange. Stock markets rose Wednesday Jan. 15, 2014 as an upbeat World Bank assessment of the global economic outlook underpinned buying spurred by stronger U.S. retail sales. (AP Photo/Richard Drew, File)

FILE - In this Tuesday, Jan. 14, 2014, file photo, Trader Richard Newman works on the floor of the New York Stock Exchange. Stock markets rose Wednesday Jan. 15, 2014 as an upbeat World Bank assessment of the global economic outlook underpinned buying spurred by stronger U.S. retail sales. (AP Photo/Richard Drew, File)

FILE - In this Tuesday, Jan. 14, 2014, file photo, Trader Richard Newman works on the floor of the New York Stock Exchange. Stock markets rose Wednesday Jan. 15, 2014 as an upbeat World Bank assessment of the global economic outlook underpinned buying spurred by stronger U.S. retail sales. (AP Photo/Richard Drew, File)

FILE - In this Tuesday, Jan. 14, 2014, file photo, Trader Richard Newman works on the floor of the New York Stock Exchange. Stock markets rose Wednesday Jan. 15, 2014 as an upbeat World Bank assessment of the global economic outlook underpinned buying spurred by stronger U.S. retail sales. (AP Photo/Richard Drew, File)

FILE - In this Tuesday, Jan. 14, 2014, file photo, Trader Richard Newman works on the floor of the New York Stock Exchange. Stock markets rose Wednesday Jan. 15, 2014 as an upbeat World Bank assessment of the global economic outlook underpinned buying spurred by stronger U.S. retail sales. (AP Photo/Richard Drew, File)

By BERNARD CONDON

AP Business Writer

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