Thursday, 21 September, 2017

Dow Jones Closes at Record High for Second Straight Day

US stocks close higher on dovish Yellen, Dow ends at record Dow hits another record as stocks close higher
Preston Stone | 15 July, 2017, 09:50

A rise in shares of Apple, Microsoft and Alphabet provided the biggest boost to the S&P and the Nasdaq.

US stocks were slightly higher at the open on Friday as June consumer price index data indicated benign inflation that could test the Federal Reserve's resolve to raise interest rates for a third time this year, while investors parsed earnings reports from big banks.

Investors continued to keep an eye on Federal Reserve Chair Janet Yellen's second day of testimony before Congress, a day after she signaled a dovish stance on interest rates.

But Yellen cautioned that boosting U.S. economic growth to the Trump administration's target of three percent would be "quite challenging", in part because of difficulty accelerating productivity growth.

Yellen will stand before the Senate Banking Committee on Thursday.

"Today, the market is saying that's old news and let's focus on the matter at hand, which is earnings that will be coming out in earnest this week".

Ten of the 11 major S&P sectors were higher, with the utilities index's 0.83 percent rise leading the advancers. The S&P 500 closed up 17.9 points, or 0.7%, to 2,443.5.

Disney gathers princesses to showcase animation slate
Reilly ) and his plucky sidekick must venture into the internet to find the a replacement part for the game. In order to save Vanellope's (voiced by Sarah Silverman ) broken game Sugar Rush , Ralph (voiced by John C.

Data showed US producer prices unexpectedly rose in June as sustained increases in the cost of services offset declining energy prices, suggesting a recent moderation in inflation was likely temporary.

Delta Air Lines fell 1.8 percent after reporting a smaller profit than analysts expected.

The Dow Jones has been up 8% over the last six months, the best first-half performance since 2013.

The Dow rose to a record high close while USA stocks kept their upward momentum on Wednesday following Yellen's comments.

Advancing issues outnumbered decliners on the NYSE by 1,767 to 792. On the Nasdaq, 1,721 issues fell and 1,046 advanced.

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