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Stocks close at record highs as tech losses are offset by energy gains
U.S. stocks closed slightly higher on Wednesday, notching record highs, as a gain in the energy sector offset losses in tech. The Dow Jones industrial average rose 39.3 points to close at 22,158.18 — a record — with Chevron contributing the most to the gains. Apple, however, was the biggest loser in the index. The S&P 500 rose 0.1 percent and finished the session at 2,498.37, also a record, as energy gained more than 1 percent to lead advancers. Energy stocks received a boost from oil prices, which rose 2.2 percent to a five-week high of $49.30 per barrel on an improving demand outlook. Technology stocks were ... (full story)