The Week on Wall Street: Records And Milestones
General Electricreported quarterly results, saying second-quarter net income rose to $5.42 billion, or 53 cents per share, from $4.95 billion, or 48 cents a share, a year earlier, in line with expecations. GE, the parent company of CNBC, also said it would shed its mortgage unit.
Stocks Friday continued their record run, despite disappointing retail sales data and higher crude oil prices. The Dow moved closer to 14,000 while the S&P 500 finally surpassed its record intra-day high set in 2000.