|08-22-2014, 01:30 PM||#1|
Upbeat data push U.S. stocks higher, S&P 500 hits intraday record
U.S. stocks edged higher on Thursday, with the S&P 500 pushing for a fourth consecutive gain after hitting a new intraday all-time high.
Reports on manufacturing and existing home sales topped expectations, and Friday’s speech from Federal Reserve Chairwoman Janet Yellen remains a market focus.
An August reading for the Philadelphia Fed index, a key manufacturing gauge, came in at 28, besting forecasts for 18 and marking the highest level since March 2011. Meanwhile, sales of existing homes rose 2.4% in July to 5.15 million, above expectations for 5 million and the fastest pace this year.
In other economic news, initial weekly jobless claims fell by 14,000 to 298,000, basically in line with the 300,000 claims expected by Bloomberg, and the flash Markit manufacturing purchasing managers index jumped to its highest level since April 2010.
Investors appeared to have further shrugged off the Fed minutes released Wednesday that showed some officials arguing the groundwork should be laid for raising interest rates sooner than expected. A Thursday report showing a three-month low for Chinese factory data was also brushed aside.
-The Dow Jones Industrial Average advanced 0.44% or 76.45 points to 17055.77
-The S&P 500 index advanced 0.27% or 5.46 points to 1991.95
The benchmark index is also on pace for a record close, hitting an intraday record at 1992.07, and trading above its July 24 all-time closing high of 1,987.98.
-The NASDAQ Composite Index fell 0.01% or 0.42 points to 4526.06 . As of 10:48 a.m. ET
Sears Holdings Corp. fell 7% after posting a large loss and margins shrank.
Dollar Tree Inc. was down 1.7% after reporting quarterly results and as Family Dollar Stores Inc. reaffirmed its support for Dollar Tree’s takeover bid, rejecting a rival offer from Dollar General Corp. Read more: Family Dollar rejects Dollar General’s takeover bid.
Hewlett-Packard Co. rose 4.2% after the tech pioneer’s third-quarter profit fell, but beat forecasts late Wednesday.
Retailer Gap Inc. which was little changed will grab the spotlight after the closing bell. What to look for
|مواقع النشر (المفضلة)|
|الذين يشاهدون محتوى الموضوع الآن : 1 ( الأعضاء 0 والزوار 1)|
|أدوات الموضوع||إبحث في الموضوع|
|انواع عرض الموضوع|
|الموضوع||كاتب الموضوع||المنتدى||مشاركات||آخر مشاركة|
|Intraday trading with the TICK||Hazem Ahlawy||GENERAL FOREX DISCUSSIONS||0||08-18-2014 04:10 PM|
|Intraday Trading with Tick by Christopher Terry||Hazem Ahlawy||GENERAL FOREX DISCUSSIONS||0||08-17-2014 03:53 PM|
|WTI Oil Prices Down This Week, But Headed Much Higher Long-Term||sollom||Gold, Silver & Oil||0||08-13-2014 11:32 PM|