Dow, S&P 500 Notch Record Closes, Amazon's New Product, Ciena Surges

TheStreet

The Dow and S&P 500 closed at new records on Thursday after the European Central Bank unveiled more stimulus measures to jump-start the economy. Shares of Amazon soared after the company said it would hold a product launch event on June 18th. The announcement prompted speculation that it may unveil a smartphone that would put it in direct competition with Apple. Ciena shares surged nearly 20 percent after the company announced that topped analyst forecasts in the latest quarter and issued upbeat guidance for the second half of the year. And, rising home prices and a climbing stock market means households and non-profits added $1.5 trillion in net worth in the first three months of 2014, according to new data released by the Federal Reserve. Ruben Ramirez reports from Wall Street.