Saturday, 18 November 2017
Latest news
Main » In a 1st, S&P 500 closes above 2500

In a 1st, S&P 500 closes above 2500

17 September 2017

Fueled by gains in component stocks Boeing (BA) and United Technologies (UTX), the Dow Jones Industrial Average closed at a record high with a fifth consecutive higher close, while the S&P 500 and Nasdaq were weighed down by strong inflation data, soft Chinese manufacturing data, and the persistent geopolitical risks from North Korea.

Economists had expected retail sales to inch up by 0.1 percent compared to the 0.6 percent increase originally reported for the previous month. Data released Thursday showed US consumer prices rose in August at their fastest pace in seven months, a possible sign inflation is picking up pace.

MSCI's gauge of stocks across the globe gained 0.11 percent to set a new high for an index that tracks the performance of more than 2,400 stocks in 47 countries.

8 residents dead at Florida nursing home left without power after Irma
Scott and others have questioned why and how the deaths occurred, wondering why it took so long for the nursing home to call 911. Other seniors were treated for dehydration, difficulty breathing and other heat-related illnesses.

USA gold futures fell 0.16 percent to $1,327.20 an ounce.

Credit monitoring companies continued to fall as Senate Democrats introduced a bill that would prevent the companies from charging fees to consumers who want their credit frozen. The Russell 2000 index of smaller-company stocks picked up 6.69 points, or 0.5 percent, to 1,431.71.

The Dow Jones Industrial Average climbed 64.86 (+0.29 percent) to close at 22,268.34 for a fourth record close. Other benchmark indexes also hit fresh highs, with the Dow Jones Industrial Average topping 22,200 and the Nasdaq Composite Index approaching 6,500. They yielded 1.06 percent and 1.19 percent in when-issued trading. Rival TransUnion lost $1.47, or 3.4 percent, to $41.61 and Experian fell 0.9 percent in London.

South Carolina's Deebo Samuel Breaks Leg, Season Over
The Gamecocks will be tasked with stopping Benny Snell and mobile quarterback Stephen Johnson , who will try to dictate the game. Samuel was on several awards lists, too. "They whipped us up front", Muschamp said of Kentucky.

The Federal Reserve is meeting next week and investors wondered if Thursday's report makes it more likely the Fed will raise interest rates later in the year.

On the data front, USA retail sales declined unexpectedly in August and were revised lower for July, raising question marks about the consumer-led recovery.

In commodities, oil prices were little changed on Friday, as US crude futures continued to flirt with $50 a barrel. Brent crude, used to price global oils, gained 46 cents to $55.62 a barrel in London. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by less than a basis point to 2.202 percent.

Egypt: Morsi life sentence upheld
Qatar was a main backer of Morsi and his Muslim Brotherhood movement while he was in power between 2012 and July 2013. Hundreds of the group supporters received death and life sentences, mostly over violence, murder and spying charges.

CURRENCIES: The dollar slid to 110.19 yen from 110.26 yen. Up 12 per cent since January, the S&P 500 is on course for its best annual gain in four years. The euro rose to $1.1881 from $1.1873.

In a 1st, S&P 500 closes above 2500