Stocks finished higher Thursday, with the Dow and S&P 500 closing at record highs.
Stocks have been on a tear this year. The Dow is less than 1% away from 15,000, while the S&P 500 is only 0.4% below 1,600. There hasn't been any one catalyst pushing stocks higher lately. Mostly, investors just don't want to miss the next leg up.
In corporate news, Nasdaq executives will be getting their bonuses cut this year, and the bungled Facebook(FB) IPO is to blame.
J.C. Penney(JCP) shares edged lower in premarket trading following reports that it hired Blackstone(BX) to help the retailer raise $1 billion.
A history of PC prices
European markets were lower in midday trading, as concerns about the mounting cost of the Cyprus bailout ended a four-day winning streak. London's FTSE 100 was down 0.4%, while the CAC 40 in Paris dropped 1% and the DAX in Frankfurt fell 1.5%.
Officials from the European Union and International Monetary Fund said they will not give Cyprus extra cash to plug the gaping holes in its finances.