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Record high for S&P 500

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NEW YORK — The S&P 500 ended at another record high on Thursday, extending gains for a fifth day on investors’ optimism that the Federal Reserve will keep interest rates low for a long period of time.

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The S&P 500’s gain was slim, however, with the benchmark index recovering late in the session from earlier losses. Retailers, including Coach, weighed on the index.

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