S&P 500 heads for new record close

US stock indices extended their gains towards the end of the trading session in New York today.

Into the last hour of trading on Wall Street, the Dow was up 0.64% or 98 points at 15,490, while the S&P 500 rose 0.71% to 1757.1, on track to post yet another all-time closing high.

The S&P 500 has advanced 23% so far this year, the rally being stoked by the ever-constant Fed stimulus.

Earnings have been robust so far this reporting season, if unspectacular, which has helped to support equity prices now that the shadow of US debt-ceiling uncertainty has temporarily vanished.

Dow components DuPont, United Technologies and Travelers reported earnings today that exceeded forecasts, although United Technologies missed on revenue. Broadcom and Juniper Networks report after the market closes tonight. Tomorrow we hear from three more Dow components, namely AT&T, Boeing and Caterpillar.

The NASDAQ 100 climbed 0.3% today to 3371.5, despite a 0.3% drop in Apple’s share price. The slide in Apple’s shares happened amidst the launch of the iPad Air, its newer, slimmer version of its wildly popular tablet. Share price declines have been common for the last few product launches for Apple.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen. 79% van de retailbeleggers lijdt verlies op de handel in CFD’s met deze aanbieder.
Het is belangrijk dat u goed begrijpt hoe CFD's werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren.
CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.