US stocks rise, pushing Dow and S&P 500 indexes further into record territory

Stocks are pushing further into record territory as investors welcome a move by China to stimulate its economy by lowering interest rates.

Hints from the head of Europe’s central bank that it might step up its own stimulus efforts also put investors in a buying mood Friday.

The Standard & Poor’s 500 index rose 10 points, or 0.5 per cent, to 2,063.

The Dow Jones industrial average rose 91 points, also 0.5 per cent, to 17,810. The Nasdaq composite added 11 points, or 0.2 per cent, to 4,712.

The S&P 500 and the Dow are at record highs.

Material and energy stocks rose the most. Caterpillar jumped 4 per cent, the biggest gain in the Dow.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.31 per cent.