US stock market edges into record area

US stock market edges into record area

The US stock market edged further into record territory today as traders were encouraged by the latest corporate earnings.

The Standard & Poor’s 500 index rose seven points, or 0.4%, to 2,031.

The Dow Jones industrial average rose 69 points, or 0.4%, to 17,554 and the Nasdaq composite gained 17 points, or 0.4%, to 4,638.

Whole Foods Market jumped 12%, the most in the S&P 500, after reporting earnings which beat analysts’ estimates.

European stocks rose and the euro fell after the president of the European Central Bank said the bank is preparing the groundwork for further stimulus measures.

The price of oil fell 77 cents to 77.91 US dollars a barrel in New York.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.38%.

More in this Section

Thomas Cook executives urged to hand bonuses to workers’ pension fundThomas Cook executives urged to hand bonuses to workers’ pension fund

'No two days are the same,' says Sinead Lohan, head of treasury Investec Munster'No two days are the same,' says Sinead Lohan, head of treasury Investec Munster

Fund to drive SME and public sector collaborationFund to drive SME and public sector collaboration

Almost half of adults do not have a private pension - studyAlmost half of adults do not have a private pension - study


Lifestyle

My sister Gabriella always says that during sibling whispers all I ever wanted was to be on stage.This Much I Know: Man of many talents Mike Hanrahan

Columnist and trained counsellor Fiona Caine offers guidance to a woman whose husband is controlling and belittling her.Ask a counsellor: ‘My husband is so controlling – what do I do?’

Peter Dowdall branches out to take a look at the mountain ash or rowan.Rowan berries show us how nature is stocking its larder for winter

Friends and Young Offenders actors Shane Casey and Dominic MacHale speak to Pat Fitzpatrick about struggling to make it but why they are not seeking out fame.‘I was down to a euro’ - Watch The Young Offenders actors tell of struggle to make it in acting

More From The Irish Examiner