NEW YORK (AP) — The Standard & Poor's 500 index is trading above its previous closing high reached in October 2007, a year before the peak of the financial crisis.

The S&P 500 was up four points, or 0.3 percent, at 1,567 shortly before noon Eastern time Thursday. That's two points above its record close.

The Dow Jones industrial average rose 46 points, or 0.3 percent, to 14,572. The Nasdaq composite rose four points, 0.1 percent, to 3,260.

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