S&P 500 HITS NEW ALL-TIME HIGH
Advertisement
The S&P 500 just made a new all-time intraday high, topping the previous high of 1,991.39 hit on July 24.
Advertisement
The S&P 500 was trading as high as 1,992.35 on Thursday morning.
Overall, however, stocks were mixed, with the Dow leading gains up 72 points as the blue chip index moved back above 17,000.
The Nasdaq, however, was down 3 points.
On Thursday, the weekly report on initial jobless claims beat expectations, falling to 298,000 from last week's revised reading for 312,000.
Advertisement
U.S. manufacturing reports came in better than expected, with both the Philly Fed's manufacturing report and Markit's flash PMI beating expectations.
Housing data was also strong, as existing home sales jumped 2.4% to an annualized rate of 5.15 million units in July.
Advertisement
- Love in the time of elections: Do politics spice up or spoil dating in India?
- Samsung Galaxy S24 Plus review – the best smartphone in the S24 lineup
- Household savings dip over Rs 9 lakh cr in 3 years to Rs 14.16 lakh cr in 2022-23
- Misleading ads: SC says public figures must act with responsibility while endorsing products
- Here’s what falling inside a black hole would look like, according to a NASA supercomputer simulation