Break up these sentences into shorter, more readable:
1- Records were set Wednesday by both the new york stock exchange composite index, which closed at 8,001.40 up 27.08 points, topping its previous high of 7,986.5, and standard & poor's 500 index, which finished at 1,264.06, up 6.90, moving up significantly and also setting a five-day high.
2-Reserving this property requires a $500 security deposit, which will be refunded unless there is damage to the property or evidence that there has been smoking. in the cottage or a pet on the premises or if the reservation is canceled within one month prior to the rental period.
3- the consumer education committee is assigned the duties of keeping informed of the qualities of all consumer goods and services, especially of their strengthens and shortcomings, of gathering all pertinent information on dealers' sales practices, with emphasis on practices involving honest and reasonable fairness, and of publicizing any of the information collected that may be helpful in educating the consumer
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Sentence content. Reformulate.
1- On Wednesday, both the New York Stock Exchange Composite Index and the Standard & Poor's 500 Index hit record highs. The composite index closed at 8,001.40, up 27.08 points from its previous high of 7,986.5. Similarly, the S&P 500 finished at 1,264.06, up 6.90 points, which is a significant increase and also marks a five-day high.
2- To reserve this property, a $500 security deposit is required. The deposit will be refunded unless there is damage to the property, evidence of smoking in the cottage, pets on the premises, or if the reservation is canceled within one month prior to the rental period.
3- The Consumer Education Committee has several responsibilities. These include staying informed about the qualities of all consumer goods and services, with a particular focus on their strengths and weaknesses. They also gather relevant information on sales practices of dealers, giving priority to practices that are fair and honest. Additionally, they aim to publicize any collected information that can be useful in educating consumers.