ENP Newswire -
Release date- 09062014 - US close: Fourth consecutive day of gains, Apple in focus.
Dow and S&P hit new highs - Concerns about pullback - Apple in focus after stock split Dow Jones +18.82 16,943.10 Nasdaq +14.84 4,336.24 S&P 500 +1.83 1,951.27 It was a relatively quiet day over in the States following last week's strong jobs data, but all three of the main indices ended in positive territory, pushing both the Dow Jones and the S&P 500 to fresh highs.
However, the gains have given rise to an increasing degree of nervousness that a correction is now due.
'Unfortunately it seems that is in short supply, leaving the index at risk of a short, sharp correction that could see it drop back towards the Friday low of 1,940.' Meanwhile, much of the day's focus was on tech giant Apple on the back of talk of new products, which are said to be particularly important following the stock split - its first in more than nine years.
McCaig explained that 'the more optimistic will be looking for the company to be added to the Dow Jones in due course, truly a sign that the world's most recognisable tech brand has now joined the ranks of the establishment'.
Oil reaches highest level in three months Oil futures climbed to their highest level since March, boosted in part by positive Asian data.
oil futures were up 1.7% to settle at
will acquire Idenix for approximately
In a press statement, the former highlighted Idenix's 'promising' portfolio of drugs for the treatment of hepatitis-C (HCV), which compliments its own therapies now in development for the development of a once-daily oral regimen to treat against the virus.
S&P 500 - Risers International Game Technology (IGT)
Most Popular Stories
- James Foley Beheading Video Is Real Thing: White House
- McDonald's Packages Coffee for National Distribution
- Apple Stock Bounces Back Big Time
- Honda's Safe Approach Pays Off in Sales
- Notes From the July FOMC Meeting
- GE Healthcare Bringing Jobs to Massachusetts
- Castro-Blanco Joins Fifth Street Finance Board
- Target Slashes Annual Profit Outlook
- Ballmer Steps Down From Microsoft Board
- Google Kid Accounts Plan Raises Worries