Stocks edge up following record day for the Dow


After barreling to a record on Tuesday, the Dow meandered higher Wednesday. An encouraging labor report helped; companies added 198,000 workers in February, ADP said. The Dow has more than doubled since its financial-crisis low in March 2009. Can it keep climbing? That was the day’s question. Indexes often drift lower after they break records. But stocks hold appeal in the current environment. ‘There is literally nowhere else to go,’ said David Brown, at Sabrient Systems. ‘Do you really want to make 1.9% on a 10-year Treasury? You won’t make any money doing that.’ Microsoft led a tech decline; European regulators fined it in an antitrust case.

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