Dow ends at 2nd straight record ahead of bank earnings

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Earnings per share were 1.82 dollars, or 1.71 dollars excluding a gain from a legal settlement, far higher than market estimates. Goldman Sachs and Apple contributed the most to the Dow's gain. The S&P 500 gained 0.2 percent, with Target among the best performers. It measures the daily stock price movements of 30 large, publicly-owned US companies.

Shares in retailer Target rose 3.8% after it said comparable sales should show a "modest" increase in the second quarter, the first such rise for five quarters.

The Dow is up 1,875.14 points, or 9.5 percent.

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The Dow climbed 20 points, or 0.1 percent, to 21,553. The Nasdaq 38.03 points, or 0.61%, to 6312.47-the largest one-week point and percentage again since early December.

Over the last 12 months, the all items index rose 1.6 percent.

Thursday's action left the Nasdaq composite ahead almost 2% for the week and tracking toward its best weekly finish since late May. Small caps posted a weak session, with Russell 2000 futures ending only slightly below the break-even line.