Economic news leads to more gains

In a year full of market milestones, Wall Street crushed a couple more Tuesday, lifting the Dow Jones industrial average past the 18,000-point mark for the first time and delivering the Standard & Poor’s 500 index its second record-high close in two days.

Investors welcomed the latest encouraging news on the economy as the government said the United States grew at a 5 percent annual rate, the fastest pace in more than a decade in the third quarter.

The rally gave the Dow and the S&P 500 their fifth straight gain. It also marked the 51st all-time high for the S&P 500 and the 36th for the Dow this year, according to S&P Dow Jones Indices.

All told, the Dow gained 64.73 points to 18,024.17, up 0.4 percent from its previous record close Monday. The latest close is the Dow’s second 1,000-point milestone this year after closing above 17,000 for the first time in July.

The S&P 500 rose 3.63 points to 2,082.17. That’s a gain of 0.2 percent from its own all-time record a day earlier.

The Nasdaq composite fell 16 points, or 0.3 percent, to 4,765.42.

— Associated Press

Consumer Safety
Keurig recalling millions of machines

Keurig Green Mountain said Tuesday that it was recalling about 7.2 million single-serve brewing machines because they could overheat and spray hot liquids on users.

The company said the machines could malfunction especially if used to brew more than two cups in quick succession. The recall affects 6.6 million machines in the United States and 564,000 in Canada.

The affected machines are Keurig Mini Plus brewers made between December 2009 and July with the model number K10 and serial numbers starting with 31, the company said on its Web site.

Keurig has received about 200 reports of hot liquid escaping from the brewer, including 90 reports of burn-related injuries, the U.S. Consumer Product Safety Commission said. Health Canada said Keurig had recorded 17 incidents of minor burns in Canada.

— Reuters

Also in Business

— From news services

Coming Today