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Bloomberg (10/12)
-- U.S. stocks rose, sending the Standard & Poor’s 500 Index to a
fresh record, as investors weighed the timing of any cuts to Federal
Reserve monetary support amid budget negotiations in Washington.
The
S&P 500 climbed 0.2 percent to 1,808.56 at 4 p.m. in New York,
surpassing its previous record of 1,807.23 set on Nov. 27. the Dow Jones
industrial average edged up 5.52 points, or 0.03 percent, to finish
unofficially at 16,025.72. The Standard & Poor's 500 Index rose 3.28
points, or 0.18 percent, to close unofficially at 1,808.37. The Nasdaq
Composite Index gained 6.23 points, or 0.15 percent, to end unofficially
at 4,068.75.
The
S&P 500 gained 1.1 percent on Dec. 6, halting a five-day slump that
erased 1.2 percent from the gauge, as jobs growth in November beat
estimates and the unemployment rate fell to a five-year low.
The
index fell less than 0.1 percent last week, snapping an eight-week
rally that was the longest in almost a decade, as improving economic
data spurred concern that the Fed will reduce its stimulus sooner than
expected.
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Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 8:49 AM
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