Friday, 2 August 2013

U.S.MARKET UPDATE

The Dow and S&P 500 hit record closing highs on Thursday, with the S&P 500 topping 1,700 after strong data on factory growth and as major central banks said they would keep monetary stimulus in place. Stocks were broadly higher, with all 10 S&P 500 sectors in the black. Growth-sensitive financials, industrials and consumer discretionary shares registered the biggest gains. The Dow transportation average rose 3.2 percent, also at a new closing high.


Google shares, up 1.9 percent at $904.22, and Apple, up 0.9 percent at $456.67, were among companies giving the biggest boost to the S&P 500, along with financials. JPMorgan Chase shares gained 1.5 percent to $56.54 while Bank of America was up 2.4 percent at $14.95.

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