The S&P 500 rose 8.91 points, or 0.5 percent, to 1,804.76, its first finish above 1,800, with health care the best performing and telecommunications the largest laggard of its 10 industry groups. It climbed 0.4 percent from last Friday's close, extending to seven its streak of weekly gains. The Nasdaq added 22.49 points, or 0.6 percent, to 3,991.65, leaving it up 0.1 percent for the week.
The CBOE Volatility Index (VIX), a gauge of investor uncertainty, fell to 12.35.
STI Sibei Sianz!!!
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NEW YORK (Reuters) - U.S. stocks rose on Friday, led by healthcare stocks, putting the Dow and S&P 500 on track for a seventh straight week of gains.
ReplyDeleteThe Dow extended gains beyond Thursday's 16,009 close and the S&P 500 reached an intraday high above 1,800.
The recent 3 B.A.L. penny stocks "crash" have cratered a hole in retail punters and prop traders' account.
DeleteNo more "huat ah" and "chong ah" money for Santa Claus rally?
You waiting for STI to chong to unload more is it?
Naughty, naughty.
US investors are lured by a market near record highs and stung by bond losses that may deepen with high interest rates
ReplyDeleteBoston
INVESTORS are pouring more money into stock mutual funds in the US than they have in 13 years, attracted by a market near record highs and stung by bond losses that would deepen if interest rates keep rising.
Stock funds won US$172 billion in the year's first 10 months, the largest amount since they received US$272 billion in all of 2000, according to Morningstar Inc estimates. Even with most of the cash going to international funds, domestic equity deposits are the highest since 2004.
The move marks a reversal from the four years through 2012, when investors put US$1 trillion into fixed income as the financial crisis drove many to redeem from stocks and miss out as the Standard & Poor's 500 Index almost tripled from its low.