Arab Today, arab today sp 500 rises to another record dow just misses
Last Updated : GMT 07:19:53
Arab Today, arab today
Arab Today, arab today

S&P 500 rises to another record, Dow just misses

Arab Today, arab today

Arab Today, arab today S&P 500 rises to another record, Dow just misses

New York - AFP

The S&P 500 Wednesday rose to a new high, but the Dow Jones Industrial Average fell just short of a record on another good day for stocks. Positive sentiment lifted the S&P 500 by 5.38 (0.29 percent) to 1,890.90, the second record close in a row. The Dow rose 40.39 (0.24 percent) to 16,573.00, about four points shy of a record. The tech-rich Nasdaq Composite Index advanced 8.42 (0.20 percent) to 4,276.46. Analysts said investors remain in a fairly hopeful mood following a run of economic data that, while not outstanding, is "good enough" to persuade that the economy is on a good path, said Mace Blicksilver, director of Marblehead Asset Management. "There are still a few questions about the Nasdaq glamors, but there's enough in the blue chips to keep everyone very excited," Blicksilver said. "The bull market is intact." Blicksilver said the surge of the past two days may be enabled in part by an influx of cash at the start of the second quarter. Leaders in the Dow included Caterpillar (+2.8 percent), United Technologies (+1.7 percent) and General Electric (+0.7 percent). General Motors jumped 1.6 percent even as chief executive Mary Barra faced tough questioning at a US Senate hearing into the auto giant's slow recall of millions of vehicles due to deadly safety problems. California utility PG&E advanced 2.3 percent even as federal prosecutors announced a criminal indictment against the firm over a fatal 2010 gas pipeline explosion and allegations the company "knowingly" violated federal pipeline law. Morgan Stanley said the PG&E indictment, while negative, was "manageable" from a financial point of view, because the fine would be up to $6 million. Agricultural company Monsanto reported earnings of $3.15 per share, above the $3.07 projected by analysts. Shares gained 0.8 percent. Pharmaceutical company MannKind powered 73.9 percent higher on news that a Food and Drug Administration advisory panel recommended marketing approval for its Afrezza diabetes therapy. News that the Centers for Medicare and Medicaid Services would cut prices for genetic testing analysis provided by Myriad Genetics by less than expected lifted shares 11.5 percent. Bond prices fell. The yield on the 10-year US Treasury rose to 2.80 percent from 2.76 percent Tuesday, while the 30-year increased to 3.65 percent from 3.60 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 sp 500 rises to another record dow just misses Arab Today, arab today sp 500 rises to another record dow just misses

 



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 sp 500 rises to another record dow just misses Arab Today, arab today sp 500 rises to another record dow just misses

 



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 Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
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 Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

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 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

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