Business

Dow closes at record as Fed keeps cutting stimulus

By Steve Rothwell
Published April 30, 2014 9:18pm ET
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Dow closes at record as Fed keeps cutting stimulus
Trader Steven Kaplan, right, works at the post that handles Twitter, on the floor of the New York Stock Exchange, Wednesday, April 30, 2014. Shares of Twitter dropped in morning trading Wednesday to their lowest point since the company went public in November. Investor concern remains over the short messaging service's ability to keep adding users and keep existing users engaged. (AP Photo) | AP

NEW YORK (AP) — The Dow Jones industrial average closed at an all-time high Wednesday as the good narrowly outweighed the bad for the stock market.

After investors took in some solid U.S. company earnings, the latest move from the Federal Reserve and a report of unexpectedly weak economic growth in the first quarter, the stock market managed its third straight day of gains.

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