S&P500 closes at record high again $WBSc1
- Published: 16 May 2013
- US Stocks rose with the Dow Jones and S&P 500 hitting new all-time highs in a broad market rally as the recent upward momentum continued. The NASDAQ also hit its highest level since November 2000, although gains were limited by a steep decline in Apple (AAPL), closing down 3.38% at $428.85.
- The Standard & Poor’s 500 Index (SPX) closed at 1,658.78 while the Dow Jones Industrial Average added 60.44 points to a record 15,275.69. The S&P500 has set a new record close in nine of the past ten sessions.
- Technology shares jumped with Google climbing to a new record high of $916.38 on news that it has adopted a streaming music business model. Google closed at $915.89, up 3.3%. Netflix Inc. (NFLX) rose 4% to finish at $243.40 while Yahoo Inc. (YHOO) was up 2.6% at $27.34.
- DOW +0.40% S&P500 +0.51% and NASDAQ +0.26%
- The Canadian dollar gained for the first time in five days versus its U.S. counterpart after American industrial production dropped in April by the most in eight months. The US Dollar is currently buying 1.0163 CAD.
- West Texas Intermediate crude oil, Canada’s largest export, rose 0.2% to currently trade at $94.41 per barrel after touching their lowest point in almost two weeks during the session.
