Stocks climb to record levels
The Dow Jones industrial average and Standard & Poor's 500 index are closing at record highs Monday as investors regain their appetite for riskier stocks.
Twitter was one of the big gainers, rising $1.89, or 5.9 per cent, to $33.94. Facebook climbed $2.59, or 4.5 per cent, to $59.83. After beating down Internet and small company stocks for two months, investors decided that they had fallen enough.
The Dow gained 112 points, or 0.7 per cent, to 16,695. The S&P 500 rose 18 points, or 1 per cent, to 1,896, surpassing its previous all-time high of 1,890 on April 2.
The Nasdaq composite rose 71 points, or 1.8 per cent, to 4,143.
The yield on the 10-year Treasury note rose to 2.65 per cent from 2.63 per cent on Friday.
Comments on this story are pre-moderated and approval times may vary. Before they appear, comments are reviewed by moderators to ensure they meet our submission guidelines. Keep it clean, keep it civil, keep it truthful, stay on topic and be responsible. Comments are open and welcome for three days after the story is published. We reserve the right to close comments before then. Comments that appear on the site are not the opinion of Castanet, but only of the comment writer.
Read more Business News
- Traffic stop payoutVernon / N. Okanagan - 12:17 pm
- Ross Gorman passes awayWest Kelowna - 3:01 pm
- Candidates' forumMunicipal Elections 2014 - 2:55 pm
- Officer charged with murderBC - 11:52 am
|QHR Technologies Inc||1.12||+0.01|
|Anavex Life Sciences||0.191||+0.001|
|Copper Mountain Mining||1.99||+0.05|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.45||0.00|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...