Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Trading

DOW, S&P 500 EDGE FURTHER INTO RECORD TERRITORY

Published by Gbaf News

Posted on November 7, 2014

Featured image for article about Trading

NEW YORK (AP) – The U.S. stock market edged further into record territory as traders were encouraged by the latest corporate earnings.

The Standard & Poor’s 500 index rose seven points, or 0.4 percent, to 2,031 Thursday.

The Dow Jones industrial average rose 69 points, or 0.4 percent, to 17,554. The Nasdaq composite gained 17 points, or 0.4 percent, to 4,638.

Whole Foods Market jumped 12 percent, the most in the S&P 500, after reporting earnings that beat analysts’ estimates.

European stocks rose and the euro fell after the president of the European Central Bank said the bank is preparing the groundwork for further stimulus measures.

The price of oil fell 77 cents to $77.91 a barrel in New York.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.38 percent.