Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Hybrid View
-
02-13-2015, 05:41 PM #1
S&P closes at record, Nasdaq hits 15-year high
S&P closes at record, Nasdaq hits 15-year high
BY SINEAD CAREW
NEW YORK Fri Feb 13, 2015 4:34pm EST
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York February 11, 2015.
CREDIT: REUTERS/LUCAS JACKSON
(Reuters) - The S&P 500 index closed at a record high on Friday, as energy shares gained with oil prices, while the Nasdaq composite index .IXIC hit a 15-year high helped by technology stocks.
Equities rallied this week after a ceasefire agreement between Ukraine and Russia and apparent progress toward a deal on Greek debt.
The Nasdaq had the strongest gains of the three main indexes on Friday. A strong report by Cisco Systems Inc (CSCO.O) earlier in the week led some investors to conclude that technology demand is improving, said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
"It's possible there's a sentiment that technology is turning the corner," he said.
The market gained momentum late in the session after many traders had held off on making big bets earlier in the last trading day before a long weekend. U.S. markets are closed on Monday for the Presidents Day holiday.
The Dow Jones industrial average .DJI rose 46.97 points, or 0.26 percent, to 18,019.35, the S&P 500 .SPX gained 8.51 points, or 0.41 percent, to 2,096.99, a record high. The Nasdaq Composite .IXIC added 36.22 points, or 0.75 percent, to 4,893.84.
The Russell 2000 .RUT index of small-cap shares also finished at a record high.
For the week, the Dow rose 1.1 percent, the S&P 500 gained 2 percent and the Nasdaq added 3.2 percent.
The S&P energy sector .SPNY closed up 1.95 percent as oil topped $60 for the first time in 2015 despite persistent worries about oversupply.
In contrast, the S&P utilities sector .SPLRCU was the worst performer, falling 1.6 percent, closing down for the third day in a row. Many investors are leaving safe-haven utilities stocks as they anticipate U.S. Federal Reserve interest rate increases later this year.
American Express (AXP.N) weighed on the S&P index with a 3 percent decline. Several brokerages slashed price targets for the company after Costco (COST.O) said it would stop accepting its card in its U.S. stores.
Of the 391 S&P 500 companies that have reported earnings, about 71.1 percent have topped profit expectations, according to Thomson Reuters data, while 57.5 percent have beaten on revenue.
The earnings growth rate for the quarter is 6.6 percent, down from the 11.2 percent expected on Oct. 1, but up from 4.2 percent expected on Jan. 1.
U.S. import prices tumbled 2.8 percent in January, the largest decline since December 2008 and the seventh straight month of declines, indicating inflation pressures could remain subdued, while consumer sentiment fell from an 11-year high.
About 6.5 billion shares changed hands on U.S. exchanges, below the 7.3 billion average so far this month, according to BATS Global Markets.
NYSE advancers outnumbered decliners 1,919 to 1,146, for a 1.67-to-1 ratio; on the Nasdaq, 1,726 issues rose and 983 fell, a 1.76-to-1 ratio.
The S&P 500 posted 76 new 52-week highs and 1 new low; the Nasdaq Composite recorded 111 new highs and 29 lows.
http://www.reuters.com/article/2015/...0LH1C720150213
NO AMNESTY
Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.
Sign in and post comments here.
Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
Similar Threads
-
S&P 500 closes at record high, Dow above 17,000
By JohnDoe2 in forum Other Topics News and IssuesReplies: 0Last Post: 08-21-2014, 04:12 PM -
Dow, S&P 500 close at records; Nasdaq at 14-year high
By JohnDoe2 in forum Other Topics News and IssuesReplies: 0Last Post: 06-20-2014, 07:32 PM -
Dow and S&P 500 hit new records. Nasdaq closes at a fresh 13-year high.
By JohnDoe2 in forum Other Topics News and IssuesReplies: 2Last Post: 12-23-2013, 11:10 PM -
S&P 500 closes at record high, NASDAQ at highest level since 11/2000
By JohnDoe2 in forum Other Topics News and IssuesReplies: 1Last Post: 04-29-2013, 04:32 PM -
Stocks rise as Nasdaq advances to 12-year high
By JohnDoe2 in forum Other Topics News and IssuesReplies: 0Last Post: 02-19-2013, 07:41 PM
BRUTAL! Bill Melugin Throws Down Against Jim Jordan and GOP...
05-10-2024, 04:20 PM in illegal immigration News Stories & Reports