S&P 500 ends at record on housing, HP; transports fly

[riky]

S&P 500 ends at record on housing, HP; transports fly

<p><a href="http://news.yahoo.com/stock-futures-edge-higher-home-sales-data-tap-114530992--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/0yqtLcZ7MTSBzXe.vC6ADw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-05-23T201356Z_5_CBREA4K19NY00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>By Angela Moon NEW YORK (Reuters) - The S&amp;P 500 closed at a record high on Friday, buoyed by a rally in housing stocks after better-than-expected home sales and a jump in Hewlett-Packard shares a day after the personal computer maker said it would cut more jobs. The Dow Jones Transportation Average rose 0.8 percent to close at a record high, after hitting a lifetime intraday high of 7,995.39. Big tech names like Apple Inc and Amazon lifted the Nasdaq and helped it outperform the broader market. The stock was among the S&amp;P 500's best performers a day after the personal computer maker said it may cut as many as 16,000 more jobs in a major ramp-up of CEO Meg Whitman's years-long effort to turn the company around and relieve pressure on its profit margins.</p><br clear="all"/>

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