The S&P 500 and Nasdaq both closed at record highs today. The S&P 500 closed at 2,933.62, breaking the previous record of 2,930.75.
The S&P 500 and Nasdaq Composite rallied on Tuesday to notch record closing highs as Wall Street cheered stronger-than-expected quarterly profits from some of the largest publicly traded U.S. companies.
Tuesday's move toward an all-time closing high comes less than six months after a sharp decline in late December, which led the S&P 500 to its worst annual performance since 2008. But stocks quickly turned around as the Federal Reserve reversed course on monetary policy while the tone around U.S.-China trade talks improved."These market levels are justified," said Kevin Barry, chief investment officer at Captrust Advisors.
Twitter shares jumped 15.6% on its stronger-than-expected results. The social media company said its monthly active users totaled 330 million, more than a FactSet estimate of 318 million. So far, the results have largely topped expectations. More than 78% of the S&P 500 companies that have reported have surpassed analyst expectations, according to FactSet data.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The S&P 500 and Nasdaq are within striking distance of records in midday Tuesday tradeThe S&P 500 index and the Nasdaq Composite on Tuesday were within a hair's breadth of closing records, last hit in in the fall, as a rebound in the...
Read more »
S&P 500 and Nasdaq break above closing records for first time in months as stock market climbsThe S&P 500 index and the Nasdaq Composite on Tuesday hit record territory, last hit in in the fall and late summer, as a rebound in the health-care and...
Read more »
‘I did not expect us to be at all-time highs by April’, says Morgan Stanley’s Wilson as stock market popsStocks in 2019 have thus far befuddled Michael Wilson, with the S&P 500 and Nasdaq Composite breaking out above their closing records in Tuesday trade.
Read more »
S&P 500 flirts with record high on upbeat earningsThe S&P 500 was within striking distance of its all-time high on Tuesday as bett...
Read more »
S&P 500 rallies toward record close after strong earnings from broad range of companiesThe S&P 500 headed for a record close as Wall Street cheered strong quarterly profits from some of the largest publicly traded U.S. companies.
Read more »
S&P 500 heads for new record close after strong earnings from broad range of companiesThe S&P 500 headed for a record close as Wall Street cheered strong quarterly profits from some of the largest publicly traded U.S. companies.
Read more »
Sri Lanka attacks death toll rises to 290, about 500 wounded: policeThe death toll from attacks on churches and luxury hotels across Sri Lanka rose ...
Read more »
Sri Lanka lifts curfew after bomb attacks kill 290, wound 500Authorities lifted a curfew in the Sri Lanka on Monday, a day after 290 people w...
Read more »
Sri Lanka lifts curfew after bomb attacks kill 290, wound 500There was no immediate claim of responsibility but the government says 12 people had been arrested and police would look into whether the attackers had 'overseas links.'
Read more »
Israeli court approves demolition of 500 Palestinian homesIn East Jerusalem, hundreds of Palestinians are anxious after the Israeli Supreme Court approved a new wave of demolition, citing lack of permits which are largely out of bounds for Palestinians.
Read more »
S&P 500 slips as health-care losses overshadow strong earnings and China growthPositive momentum early Wednesday faded throughout the day, with the Dow closing flat and the S&P 500 closing down 0.23%. Health care was the worst-performing sector.
Read more »