S&P, Dow Hold on to Record Highs, Nasdaq Dips

The S&P 500 and the Dow touched record highs for the second straight day, while the tech-heavy Nasdaq dipped in heavy trading on Friday, largely related to Wall Street’s sector reshuffling and “quadruple witching” expirations.

At 13:06 p.m. ET the Dow Jones Industrial Average was up 76.89 points, or 0.29 percent, at 26,733.87, the S&P 500 was up 3.91 points, or 0.13 percent, at 2,934.66.

Apple will remain in the tech sector , where it will account for 20 percent of the index’s market capitalization, while Amazon will remain a consumer discretionary firm.

Source : Reuters

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Stoxx Europe 600 Index Rises 0.4%; Led by Personal Goods Sector

The Stoxx 600 rose for the sixth day, climbing 0.4 percent, or 1.65 to 384.28. The index advanced to the highest closing level since Aug. 30.

Today, personal and household goods stocks led the market higher, as 16 of 19 sectors gained; 377 of 600 shares rose, while 215 fell.

HSBC Holdings Plc contributed the most to the index gain, increasing 2.2 percent. KAZ Minerals Plc had the largest increase, rising 10.0 percent.

Source : Bloomberg

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Dow Set For Best Week Since July

U.S. stocks rose in early trading on Friday, with Wall Street extending its recent uptrend and pushing further into record territory.

The Dow Jones Industrial Average rose 81 points, or 0.3%, to 26,738, hitting an all-time intraday high in early trading. The S&P 500 gained 8 points to 2,939, a rise of 0.3% that took it to new records of its own. The Nasdaq Composite Index which remains about 1% below record levels, rose 21 points, or 0.3%, to 8,049.25.

Source : Market Watch

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