Arab Today, arab today dow sp 500 close at record highs
Last Updated : GMT 21:17:01
Arab Today, arab today
Arab Today, arab today

Dow, S&P 500 close at record highs

Arab Today, arab today

Arab Today, arab today Dow, S&P 500 close at record highs

Dow and S&P 500
New York - AFP

The Dow and S&P 500 closed at fresh highs on Monday, following acquisitions in the pharmaceutical and apparel sectors and a rise in Dow member Apple.

The Dow Jones Industrial Average rose 26.32 points (0.14 percent) to 18,298.88, besting the prior market set on March 2 by 10 points.

The S&P 500 notched its third successive record, rising 6.47 (0.30 percent) to 2,129.20, while the tech-rich Nasdaq Composite Index jumped 30.15 (0.60 percent) to 5,078.44.

All three indices got a lift from the latest call from activist Carl Icahn for more share buybacks from Apple.

Icahn told Apple in an open letter he believes its shares are worth $240. That sent the largest US company by market capitalization up 1.1 percent to $130.19, and helped to lift the Nasdaq within 15 points of its all-time peak.

The records also came as Endo International announced an $8.05 billion acquisition deal for privately held US firm Par Pharmaceutical Holdings to strengthen its generic drugs business, the latest deal in a string of drug-industry mergers. Endo fell 5.4 percent.

Women's apparel company ANN, parent of chain Ann Taylor, surged 19.9 percent following news it will be acquired by Ascena Retail Group for about $2.2 billion. Ascena, which owns the Dressbarn and Lane Bryant chains, fell 1.09 percent.

Mace Blicksilver, director of Marblehead Asset Management, said volume was light on a day with no major economic indicators.

"There doesn't seem to be sellers coming to market so you have this quiet drift up," Blicksilver said.

Semiconductor company Altera jumped 5.7 percent following a report in the New York Post saying that it had resumed talks with potential acquirer Intel. Dow member Intel rose 1.2 percent.

Dow member Chevron fell 1.3 percent following a downgrade by Goldman Sachs.  

Bond prices fell. The yield on the 10-year US Treasury rose to 2.23 percent from 2.14 percent Friday, while the 30-year advanced to 3.03 percent from 2.94 percent. Bond prices and yields move inversely.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dow sp 500 close at record highs Arab Today, arab today dow sp 500 close at record highs

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dow sp 500 close at record highs Arab Today, arab today dow sp 500 close at record highs

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday