Arab Today, arab today sp 500 refreshes record high amid mixed data
Last Updated : GMT 18:13:02
Arab Today, arab today
Arab Today, arab today

S&P 500 refreshes record high amid mixed data

Arab Today, arab today

Arab Today, arab today S&P 500 refreshes record high amid mixed data

US stocks
New York - XINHUA

 U.S. stocks on Friday fluctuated between gains and losses in the last trading day of May, with the S&P 500 breaking new ground again, as the country's economic data turned out mixed.
Following a four-day record run in a row, the S&P 500 continued to refresh all-time highs in a narrowly fluctuating morning session, as investors calmly embraced a batch of mixed economic data.
U.S. personal consumption expenditure, which accounts for about 70 percent of the U.S. economic activity, decreased 0.1 percent in April, while personal income increased 0.3 percent, said the U.S. Commerce Department Friday. Analysts had expected consumer spending to gain 0.2 percent last month while personal income to increase 0.4 percent.
Adding pessimism into the market, U.S. consumer sentiment fell in May, with the Thomson Reuters/University of Michigan's final reading of the index registered 81.9, slightly higher than the preliminary reading of 81.8, but lower than market consensus of 82. 5.
The Chicago Business Barometer in May, however, came out better than expected, providing some upward jolts to the stock market. The index rose to 65.5 in the month from 63.0 in the prior month, the highest since October, the Institute for Supply Management said Friday.
On the previous trading day, the S&P 500 refreshed both record intraday and closing highs, as investors brushed off the downwardly-revised U.S. gross domestic product for the first quarter of this year.
The benchmark index settled above the psychologically important level of 1,900 points last Friday and has since repeatedly refreshed record highs.
On a monthly basis, the three major indices are on track to end in green territories, set to break the old market adage of "sell in May and go away."
In midday, the Dow Jones Industrial Average fell 20.01 points, or 0.12 percent, to 16,678.73. The broader S&P 500 edged up 0.96 point, or 0.05 percent, to 1,920.99. The Nasdaq Composite Index was down 1.74 points, or 0.04 percent, to 4,246.21.

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 refreshes record high amid mixed data Arab Today, arab today sp 500 refreshes record high amid mixed data

 



Arab Today, arab today

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 refreshes record high amid mixed data Arab Today, arab today sp 500 refreshes record high amid mixed data

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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