U.S. stock markets remained relatively unchanged this afternoon, maintaining their record highs. On a day of very light volumes, most of the attention focused on monetary policy in Europe and several retail companies that reported earnings today.
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The S&P 500 topped 2,000 for the first time Monday, driven in part by robust second-quarter earnings.
While the majority of companies have already posted results, a number of key sector players report Wednesday, including a handful of major retailers, a leading luxury jeweler, a spirits giant, the world's largest offshore driller, and more.
Investors are crowding into top dividend stocks not simply for their dividend yield, but also because they drive long-term performance in the stock market.
According to a recent study, $100 invested in the S&P 500 in late 1940 would have amounted to $17,460 by the end of 2013 if dividends weren't reinvested, but $265,851 with dividend yields reinvested.
Top financial news today, May 21, 2014: The Dow Jones Industrial Average plummeted more than 100 points on Tuesday after a sharp selloff in retail stocks rattled the markets.