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Dow closes above 15,000 for first time ever

Posted at 4:32 PM, May 07, 2013
and last updated 2013-05-07 16:32:38-04

By Maureen Farrell

NEW YORK (CNNMoney) — It was another record-setting day on Wall Street. This time, the Dow closed above 15,000 for the first time ever, hitting 15,056.

Investors also pushed the S&P 500 to a new record. The broad index gained 0.5% to end at 1,625.96

The stock euphoria didn’t touch the Nasdaq. The tech-heavy index ticked up just 0.1% after wafting on either side of the breakeven line for much of the day.

Stocks have had a remarkable run this year, with all three indexes logging gains of 14% to 15% so far.

Corporate earnings dominate: Shares of DirecTV popped, after the company reported better-than-expected earnings.

Molson Coors Brewing, meanwhile, reported sales and profits that fell short of forecasts.

First Solar’s stock plunged, after the company missed earnings estimates.

Tesla’s stock dropped, after CEO Elon Musk said that a self-driving Tesla car is still several years from production.

OfficeMax widely missed earnings forecasts and said revenue this year would come in below analysts’ estimates. At the same time, the office supply company issued a special dividend of $1.50 a share.

Also, Walt Disney Company, which reports earnings after the close, inked a deal with Electronic Arts to co-develop Star Wars video games.

Whole Foods and Kraft spin-off Mondelez are among the other companies set to report results after the market close..

European markets closed higher, driven by strong results from financial firms Societe Generale and HSBC.

Asian markets ended higher. The Shanghai Composite increased 0.2% and the Hang Seng added 0.6%. The Nikkei rose 3.6% to close above the 14,000 point barrier as traders returned after a holiday.