The Clinton Herald, Clinton, Iowa

November 15, 2013

Hunt for safety drives Wall Street to record high

KEN SWEET AP Markets Writer
The Clinton Herald

---- — Another record

NEW YORK (AP) — Not all record days on the stock market are created equal.

Major U.S. indexes rose to all-time highs for the second day in a row Thursday, but the gains were driven by stocks that investors tend to buy when they want to avoid risk, such as power companies, banks and drug makers.

The flight to less-volatile stocks and those that pay bigger-than-average dividends suggested that investors are becoming more cautious after a 26 percent surge in the market this year.