(Bloomberg) — All three U.S. stock benchmarks hit record highs for the first time since Dec. 31, 1999, amid surprisingly strong earnings announcements. Meanwhile, across the pond, European shares erased the slump that followed Britain’s secession vote.

The S&P 500, Dow and Nasdaq indexes all advanced amid better-than-forecast profits at retailers Macy’s and Kohl’s. Europe’s equity benchmark closed at the highest level since May.

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