Friday
December 15, 2017
Friday, May 15, 2015

Wall St finishes near flat, S&P closes with record high

US stocks finished near flat, though the S&P 500 eked out another record closing high and major indexes posted gains for the week.

Data showed US industrial production fell for a fifth straight month in April, in part as oil and gas drilling declined further.

A separate report showing a sharp drop in US consumer confidence in early May also underscored a lackluster economic picture for the United States.

On Wall Street, the Dow Jones industrial average rose 20.32 points, or 0.11 percent, to end at 18,272.56, the S&P 500 gained 1.63 points, or 0.08 percent, to 2,122.73 and the Nasdaq Composite dropped 2.50 points, or 0.05 percent, to 5,048.29.

In Europe, European government bonds stabilized, helping market sentiment. Treasury yields have jumped in the past three weeks, in line with a dramatic sell-off in German government debt, and some investors are taking advantage of the higher yields.

Benchmark 10-year Treasury notes were last up 29/32 in price to yield 2.14 percent, down from 2.24 percent late on Thursday.

The MSCI World equity index was up 0.1 percent and headed for a weekly gain.

The pan-European FTSEurofirst 300 index closed down 0.5 percent, with export-focused German stocks among the hardest hit as the euro gained against the dollar.

Meanwhile, Japan's Nikkei share average rebounded as worries about a US interest rate hike receded, while companies announcing shareholder returns such as Dentsu Inc attracted buying.

The Nikkei 225 ended 0.8 percent higher at 19,732.92. For the week, it gained 1.8 percent. The broader Topix added 1.0 percent to end at 1,607.11 and the JPX-Nikkei Index 400 advanced 1.0 percent to 14,519.77.

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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