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US stocks at record highs

FXStreet (Mumbai) - US Equities rose yet another time to record highs after better-than-expected results from Wal-Mart pushed the retail stocks higher.

The DJIA traded 0.50% higher at 17,700, while the S&P 500 traded 0.37% higher at 2045.70 at the time of writing. Shares in the retailer Wal-Mart advanced 3.7% after beating the estimates. DreamWorks Animations rose 16% on the news that the company may be acquired by Hasbro Inc. Elsewhere, the Chicago Board Options Exchange (CBOE) Volatility Index (VIX) fell 0.69 % to 12.93.

Meanwhile, the data released earlier today showed initial jobless claims rose more than forecast last week, although the number stayed below the 300K mark. Jobless claims increased by 12,000 to 290,000 in the week ended Nov. 8, the highest since Sept. 20, a Labor Department report showed today. However, the stock markets in the US have shrugged-off the data to clock fresh record highs.

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