Friday, 15 July 2016

Banks lead as Dow, S&P 500 push to fresh records

US stocks pushed to new records Thursday, lifted by JPMorgan Chase's strong earnings and hopes for more stimulus from central banks.

The Dow Jones Industrial Average gained 0.7 percent at 18,506.41, its third straight all-time high.

The broad-market S&P 500 extended its record streak to a fourth day, advancing 0.5 percent to 2,163.75. The tech-rich Nasdaq rose 0.6 percent to 5,034.06.

Equity markets shrugged off the Bank of England's decision to hold interest rates and stimulus unchanged in its first meeting after Britain voted to leave the European Union. The bank though signalled it could come at its August meeting.





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2 comments:

  1. Createwealth888815 July 2016 at 07:32:00 GMT+8

    Unthinkable?

    ReplyDelete
  2. SMK15 July 2016 at 10:33:00 GMT+8

    gundlach says 2200 (SPX) as the breakout.

    until then, there's something to be said about the composition of the long participants.

    http://shiohmekiah.blogspot.com/2016/07/lesser-quantity-of-investable-assets.html

    ReplyDelete