Stocks reached more record setting milestones last week, delivering the third consecutive record-high close for the S&P 500 and a new high for the Dow on Friday.
The Dow Jones industrial average closed at 16,947.08, a 25.62-point change and a record. For the week, it was up 1 percent.
The S&P 500 also hit a record, closing at 1,962.87. For the week, it was up 1.4 percent. Energy stocks were among the best performers. It was the S&P 500's 22nd record close this year.
The NASDAQ gained 8.71 points to close at 4,368.04. For the week, it was up 1.3 percent.
Despite the records, it was largely a static day for the indexes. The National Association of Realtors is expected to release existing home sales for May, and on Wednesday the Commerce Department will release numbers for first-quarter gross domestic product and May durable goods orders. Nike is expected to report quarterly results after Thursday’s close.
Sunday, June 22, 2014
Monday, June 2, 2014
Upbeat China Manufacturing Data lifts World Shares
TOKYO (AP) — Most of the worlds stock markets shares are up on Monday due to China's manufacturing data wich shows that it has increased.
An official survey by the China Federation of Logistics and Purchasing reported that manufacturing in China has expanded for a third month in May. The factory activity is recorded at its highest level as orders keeps on coming in. The monthly manufacturing index increase 50.8 points in May on a 100-point scale on which numbers above 50 show activity expanding. Last April it is at 50.4 and was the highest level this year. This means that the economic slowdown in China is stabilizing.
In Europe, Germany's DAX rose 0.2% to 9,960.78 and Britain's FTSE 100 added 0.3% increase to 6,862.77. France's CAC 40 shed 0.2% to 4,512.35.
In US Wall Street, Dow futures increase by 0.1% to 16,722 and S&P 500 futures went up about 0.1% at 1,922.30.
Japan's Nikkei 225 were up 2.1% at 14,935.92 after the yen weakened to about 102 to the dollar.
An official survey by the China Federation of Logistics and Purchasing reported that manufacturing in China has expanded for a third month in May. The factory activity is recorded at its highest level as orders keeps on coming in. The monthly manufacturing index increase 50.8 points in May on a 100-point scale on which numbers above 50 show activity expanding. Last April it is at 50.4 and was the highest level this year. This means that the economic slowdown in China is stabilizing.
In Europe, Germany's DAX rose 0.2% to 9,960.78 and Britain's FTSE 100 added 0.3% increase to 6,862.77. France's CAC 40 shed 0.2% to 4,512.35.
In US Wall Street, Dow futures increase by 0.1% to 16,722 and S&P 500 futures went up about 0.1% at 1,922.30.
Japan's Nikkei 225 were up 2.1% at 14,935.92 after the yen weakened to about 102 to the dollar.
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