Market recap: The Dow and S&P closed at record highs as weekly jobless claims fell 24K and...

|By:, SA News Editor
Market recap: The Dow and S&P closed at record highs as weekly jobless claims fell 24K and the Philly Fed printed at 19.8, its highest level in more than two years. Bernanke's encore on Capitol Hill didn't hurt either, as the Chairman reassured investors that the Fed is "not talking about tightening." Shares of UnitedHealth soared as the insurer topped profit estimates, Morgan Stanley posted solid gains after turning in a better than expected quarter and announcing Fed approval for buybacks, eBay and Intel weighed on the Nasdaq, and Dell adjourned its special shareholder meeting until July 24. Gold futures closed higher for the seventh time in nine sessions.