S&P 500 trades above 1,900 points for first time

Associated Press
Traders John Santiago, left, and William McInerney, right, work on the floor of the New York Stock Exchange, Tuesday, May 13, 2014. The Standard & Poor's 500 index crossed above 1,900 for the first time Tuesday as investors assessed news on retail sales. DirecTV gained on reports that the AT&T is poised to buy the company for nearly $50 billion. (AP Photo)
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Traders John Santiago, left, and William McInerney, right, work on the floor of the New York Stock Exchange, Tuesday, May 13, 2014. The Standard & Poor's 500 index crossed above 1,900 for the first time Tuesday as investors assessed news on retail sales. DirecTV gained on reports that the AT&T is poised to buy the company for nearly $50 billion. (AP Photo)

NEW YORK (AP) — The Standard & Poor's 500 index traded above 1,900 points for the first time but closed just shy of that milestone.

The closely watched U.S. stock market indicator traded as high as 1,902, but wound up closing at 1,897, up less than a point on the day. It's still an all-time high for the index.

The Dow Jones industrial average also reached another all-time high. The Dow gained 19 points, or 0.1 percent, to 16,715 Tuesday.

The Nasdaq composite was the laggard on a mostly quiet day of trading. The technology-focused index fell 13 points, or 0.3 percent, to 4,130.

Keurig Green Mountain surged 8 percent after Coca-Cola raised its stake in the coffee company.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.61 percent.

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