By Michael Mackenzie in New York
Published: July 13 2007 14:00 | Last updated: July 13 2007 21:45
Wall Street shrugged aside a tremor in the credit market this week as leading benchmarks broke free from more than a month of consolidation and entered record territory.
After sharp losses on Tuesday, stocks soared on Thursday and rose further on Friday. For the second straight day, both the S&P; 500 index and Dow Jones Industrial Average closed at record highs.