While you were sleeping: Wall Street hits record

Tue, 22 Jul 2014

By Margreet Dietz July 23 (BusinessDesk) - Wall Street rose, pushing the S&P 500 Index to a record high, as investors opted to focus on better-than-expected earnings from companies including Comcast and Chipotle Mexican Grill as well as solid inflation and housing data. Shares of Chipotle jumped, last up 12.2 percent, after the company posted quarterly profit that surpassed expectations and lifted its sales forecast. Chipotle said it opened 45 new restaurants during the quarter, bringing the total to 1,681. In late afternoon trading in...

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