NEW YORK (AP) -- A batch of good news on the economy helped push the stock market to new highs Wednesday.<br />
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Payroll processor ADP said Wednesday that U.S. companies hired at a solid clip last month, boding well for the government's monthly job survey due out Friday. A separate report said the service sector was growing.<br />
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Materials and industrial companies led the gains.<br />
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The Standard & Poor's 500 index rose seven points, or 0.4 percent, to 2,074.<br />
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The Dow Jones industrial average rose 32 points, or 0.2 percent, to 17,912. The Nasdaq composite rose 18 points, or 0.4 percent, to 4,774.<br />
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The Dow and the S&P 500 are at record highs.<br />
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Crude oil rose 50 cents to $67.38 a barrel.<br />
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Bond prices edged higher. The yield on the 10-year Treasury note fell to 2.28 percent.
