THE S&P 500 ended on a record high yesterday, extending gains for a fifth day on investors' optimism that the Federal Reserve would keep interest rates low for a long period of time.
While the The S&P 500 gained 2.50 points or 0.13 per cent, to close at 1,959.48, the Dow Jones industrial average eked out a rise of 14.84 points or 0.09 per cent, to end at 16,921.46. The Nasdaq Composite fell 3.51 points or 0.08 per cent, to 4,359.33.
Energy shares ranked among the biggest gainers. Oil prices ended higher after President
Shares of Chevron added 1.3 per cent to
US-listed shares of BlackBerry jumped 9.7 per cent to
However, Coach's stock slid 8.9 per cent to
The upscale retailer, known for its handbags, said during an investor day presentation that it expected revenue to fall by low double digits in percentage terms for the year ending
Factory activity in the US Mid-Atlantic region grew at a faster pace than expected in June.
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