
The S&P 500 set a new record Thursday as US stocks powered higher, shrugging off geopolitical problems elsewhere and gaining from fresh signs of strength in the US economy.
The S&P added 5.86 points (0.29 percent) to hit 1,992.37, four points above the previous record on July 24.
The Dow Jones Industrial Average gained 60.36 (0.36 percent) to 17,039.49, while the Nasdaq Composite rose 5.62 (0.12 percent) to 4,532.10.
The new high put the broad-based S&P 500 up 7.8 percent for the year. The Nasdaq reached its best level in 14 years, meanwhile, and was 8.5 percent above where it began the year.
Buyers were not bothered by more signs of weakness in the European and Chinese economies.
And they took encouragement from positive data on the US economy: existing-home sales picked up pace in July; new claims for unemployment insurance were down, and the Conference Board's index of leading economic indicators improved sharply.
GMT 19:47 2018 Saturday ,06 January
Global stocks extend rally; London hits record peakGMT 19:22 2018 Wednesday ,03 January
Worldwide stocks start year on a highGMT 10:37 2018 Wednesday ,03 January
Asian markets build on gains, dollar faces further weaknessGMT 17:30 2017 Sunday ,31 December
London stocks end year on record highGMT 18:04 2017 Thursday ,28 December
Miners boost stocks in thin holiday tradingGMT 18:51 2017 Monday ,25 December
Oman’s share index falls on lack of buying supportGMT 08:49 2017 Sunday ,24 December
'Virtual gold' may glitter, but mining it can be really dirtyGMT 17:45 2017 Saturday ,23 December
Madrid stocks sink on Catalan woes; London hits record
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor