January 22, 2018
Tuesday, February 18, 2014

S&P 500 ticks up on M&A; Nasdaq extends winning streak

The S&P 500 and Nasdaq rose today, following Wall Street's biggest weekly gain of the year, as merger activity increased confidence that there is value in the stock market even as the benchmark index nears a record high.

The Nasdaq Composite rose for an eighth straight session, a streak not seen since early July.

The Dow Jones industrial average fell 23.99 points or 0.15 percent, to end at 16,130.40. The S&P 500 gained 2.13 points or 0.12 percent, to finish at 1,840.76. The Nasdaq Composite added 28.758 points or 0.68 percent, to close at 4,272.783.

Stock markets around the world edged higher following a fresh round of stimulus from the Bank of Japan, though gains were limited by some tepid data following a recent rally.

The Bank of Japan maintained its expansionary monetary policy, extending special loan programs to help buoy economic growth. Japanese shares jumped 3.1 percent, but other markets in Asia were flat after China's central bank acted to rein in lending and Australia's central bank made hawkish comments about interest rates.

Europe's top shares inched higher, weighed down by retailers, as analysts bet the rally that followed the emerging-market slump has now run out of steam.

The euro zone's blue-chip Euro STOXX 50 was up 0.04 percent, to 3,120.27 points, consolidating further after a slight drop in the previous session.

The pan-European FTSEurofirst 300 was up 0.04 percent, to 1,337.55 points.

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Tags:  US  stock market  Europe  Nikkei  

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Edition No. 5055 - This publication is a property of NEFIR S.A. -RNPI Nº 5343955 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA - Director Perdiodístico: Ricardo Daloia