Wall Street extends run of record highs; services data upbeat

US stocks edged up to extend their run of record closing highs on Wednesday as data on the services sector added to signs of strength in the economy and prospects for earnings.

It was the third straight session where all three major indexes hit record closing highs, though the small-cap Russell 2000 broke its string of eight all-time high finishes, ending down 0.3 percent.

Shares of Netflix helped lift the S&P 500, rising 2.9 percent, after UBS raised its price target on the company. Shares of Amazon , up 0.9 percent, gave the index its biggest boost.

The Dow Jones Industrial Average rose 19.97 points, or 0.09 percent, to end at 22,661.64, the S&P 500 gained 3.16 points, or 0.12 percent, to 2,537.74 and the Nasdaq Composite added 2.91 points, or 0.04 percent, to 6,534.63.

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Posted in: Indian Market Tips