Dow Closes at Record High

The Dow closed at a record high, just short of the 17,000-point milestone, as stocks surged on Tuesday along with better-than-expected sales for major U.S. automakers. Despite the ongoing recall crisis, General Motors eked out a modest 1 percent sales increase in June. The Dow Jones Industrial Average ended unofficially 129 points higher at 16,956.07, breaking its June 20 record of 16,947.08. The S&P 500 also closed at a record high, climbing 13 points to 1973.32, and the Nasdaq added 50 points, or more than 1.1 percent.

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