Dow, S&P 500 at new records after economic data | Inquirer Business
Close  

Dow, S&P 500 at new records after economic data

/ 05:58 AM November 28, 2013

A board at the New York Stock Exchange shows the closing number for the Stand & Poor’s 500 index, center, Friday, Nov. 22, 2013. US stocks Wednesday, Nov. 27, rose to new records following a stream of mixed economic data on the eve of the Thanksgiving holiday. AP PHOTO/RICHARD DREW

NEW YORK—US stocks Wednesday rose to new records following a stream of mixed economic data on the eve of the Thanksgiving holiday.

At the closing bell, the Dow Jones Industrial Average tacked on 24.21 (0.15 percent) at 16,097.01.

ADVERTISEMENT

The broad-based S&P 500 rose 4.49 (0.25 percent) to 1,807.24, also reaching a new record. The tech-rich Nasdaq Composite Index added 27.00 (0.67 percent) at 4,044.75.

The gains came after a stream of economic data ahead of Thanksgiving, for which US markets will be closed Thursday.

FEATURED STORIES

While data on durable goods disappointed, analysts pointed to solid reports on jobless claims and consumer confidence. Analysts said the data was strong enough to keep the bull market going on a day when volumes were low.

“By and large the economic numbers were okay and point to an economy picking up a bit,” said Peter Cardillo, chief market economist at Rockwell Global Capital.

Subscribe to our business newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: close, Finance, stocks, US
For feedback, complaints, or inquiries, contact us.

Subscribe to our business news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.