U.S. stocks end at fresh record peaks; Nasdaq +0.8pc

Adjust Comment Print

On a weekly basis, the Dow and S&P 500 are each set to post a fourth consecutive weekly advance - the Dow's best run since June and the S&P's longest advance since February/March. The small-cap Russell 2000 rose 0.3 percent. US stock indexes peeked higher in morning trading on Thursday, Oct. 5, 2017, and if the Standard & Poor's 500 maintains its slight gain, it would mark the longest winning streak for the index in four years.

Encouraging reports on the economy have been helping stocks, and on Thursday they included a stronger-than-expected rebound in USA factory orders during August and a drop in the number of workers applying for unemployment benefits last week.

At the closing bell the broad-based S&P 500 gained 0.6 percent to 2,552.07, while the tech-rich Nasdaq Composite Index jumped 0.8 percent to 6,585.36.

Netflix surged 5.4% to a new all-time high after announcing an upcoming price hike for its video-streaming services, and Amazon added 1.6% to settle above its 50-day simple moving average for the first time in three weeks.

Friday brings the USA monthly jobs report, while investors are also anxious to see third-quarter corporate earnings reports.

ISIS: We Were Responsible for Las Vegas
More than 50 people have been confirmed dead and 200 injured in the shooting, making it the deadliest in United States history. This latest shooting appears to be the case again as U.S. authorities have ruled out the group's involvement.

On October 5, the S&P 500 opened the day higher and rose to new record highs.

Stock markets overseas were generally quiet, as exchanges in several of Asia's biggest exchanges were closed for holidays.

Nasdaq 100 e-minis were up 3.75 points, or 0.06 percent, on volume of 9,047 contracts.

CURRENCIES: The dollar slipped to 112.62 yen from its 112.75 yen level late Wednesday.

ENERGY: Benchmark U.S. crude rose 17 cents to $50.15 per barrel in electronic trading on the New York Mercantile Exchange. The euro climbed to $1.1763 from $1.1760 and the British pound fell to $1.3191 from $1.3245. Brent crude, the standard for global oil prices, gained 40 cents to $56.20 per barrel.

Comments