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. 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
- Construction hampers businessKelowna
- Accused says he didn't act aloneBC
- Bus service expansionWest Kelowna - 7:30 am
- Oxygen masks for petsKelowna
|QHR Technologies Inc||1.20||+0.01|
|Anavex Life Sciences||0.24||-0.01|
|Copper Mountain Mining||3.04||+0.01|
|Sunrise Resources Ltd||0.025||0.00|
|Mission Ready Services||0.245||-0.005|
There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...
Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...
Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...