us stocks edge higher to new records
Last Updated : GMT 22:59:06
Arab Today, arab today
Arab Today, arab today

US stocks edge higher to new records

Arab Today, arab today

Arab Today, arab today US stocks edge higher to new records

New York - AFP

US stocks closed higher Monday, edging to new all-time highs as in-line Chinese economic growth data offset disappointing US retail sales figures. The Dow Jones Industrial Average rose 19.96 (0.13 percent) to 15,484.26. The broad-based S&P 500 added 2.31 (0.14 percent) at 1,682.50. It was the third straight session in which the Dow and S&P 500 closed at new all-time highs. The tech-rich Nasdaq Composite Index picked up 7.41(0.21 percent) at 3,607.49. David Levy, portfolio manager at Kenjol Capital Management, said Monday\'s modest gains came on the heels of \"mixed\" economic news. US retail sales rose just 0.4 percent in June, below the 0.7 percent expected by analysts. But China\'s second-quarter gross domestic product growth came in at 7.5 percent, in line with expectations and better than what some experts feared. Levy said the market is still digesting last week\'s gains. Early earnings results have been okay, but \"it\'s too early in earnings season to say a trend has been established,\" he said. Citigroup surged 2.0 percent after reporting earnings of $1.25 per share compared with analyst expectations of $1.18. Revenues in securities trading and investment banking were particularly strong. The Citi report, which followed strong earnings from peers JPMorgan Chase and Wells Fargo last week, helped fuel another rally in many banking shares. Wells Fargo rose 1.7 percent, Goldman Sachs jumped 1.8 percent and Morgan Stanley picked up 2.1 percent. Boeing jumped 3.7 percent after British safety regulators said there was no evidence Friday\'s fire in an empty parked 787 Dreamliner aircraft was related to the company\'s recent battery problems. Boeing shares sank Friday after the fire revived fears about the safety of the plane. AT&T dipped 0.7 percent after announcing a $4 billion deal to buy wireless carrier Leap Wireless. Leap shot up 112.4 percent. Pharmaceutical company Alexion gave up 5.6 percent after jumping last week on reports that Swiss company Roche was seeking financing for a takeover of the company. Alexion had gained 12.6 percent Friday on the takeover talk. First Solar picked up 5.5 percent on news that China plans to boost its solar capacity. Bond prices rose. The yield on the 10-year US Treasury bond fell to 2.56 percent from 2.60 percent late Friday, while the 30-year yield dropped to 3.61 percent from 3.65 percent. Bond prices and yields move inversely.

arabstoday
arabstoday

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance

GMT 02:48 2017 Saturday ,11 November

European stock markets fall further

GMT 11:45 2017 Friday ,10 November

Bahrain Bourse daily trading performance
Arab Today, arab today
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*

us stocks edge higher to new records us stocks edge higher to new records

 



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*

us stocks edge higher to new records us stocks edge higher to new records

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Banyan Tree Phuket Takes Festive Season

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Top Democrat faces investigation

GMT 09:50 2017 Friday ,17 November

Top Democrat faces investigation
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Angola oil boss sacked by father's protege

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection
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 Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Urban, young and active?

GMT 11:01 2017 Thursday ,16 November

Urban, young and active?
Arab Today, arab today Ayten Amer happy for “The Flood” success

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success
Arab Today, arab today Unloved vultures fight for their survival

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 08:21 2017 Tuesday ,14 November

Nelly Karim focuses on humanitarian roles

GMT 09:23 2017 Wednesday ,15 November

Years melt away as Bening & Bell play unlikely lovers

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 13:40 2017 Monday ,13 November

Pollution spikes in Delhi amid warnings

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 10:55 2017 Thursday ,16 November

UN warns fuel running out

GMT 01:04 2017 Wednesday ,15 November

In Morocco, a blue tourist town

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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