US stocks close at record highs as the market looks past inflation

It took the market a bit of time to warm up to the cooler CPI and retail sales data today but after breaking out to new highs, the S&P 500 continued to surge right into the close. The index closed above 5300 for the first time, breaking the March highs with a flourish.

Closing changes:

• S&P 500 up 61 points, or 1.2%, to 5308
• Nasdaq up 1.4% to a record 16, 742
• Russell 2000 +1.0%
• DJIA +0.9%
• Toronto TSX Comp +0.2%

This article was written by Adam Button at www.forexlive.com.