S&P 500 Hits Record High as Dollar Selloff Deepens: Markets Wrap

Wall Street traders sent stocks to all-time highs on speculation that solid corporate earnings will keep powering market gains. The dollar slid to an almost four-year low. Gold topped $5,100.

Not even a slump in consumer confidence prevented an advance that put the S&P 500 close to 7,000. Tech led gains before megacap results. UnitedHealth Group Inc. paced losses in insurers on a disappointing forecast and as the US proposed holding payments to private Medicare plans flat next year. In late hours, Texas Instruments Inc. gave a strong outlook.