U.S. Stock Markets Reach New Highs
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.
Major Indexes Post Modest Gains
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.
Corporate Earnings Drive Market Movement
Whole Foods Market jumped 12 percent, the most in the S&P 500, after reporting earnings that beat analysts’ estimates.
Whole Foods Surges on Strong Results
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.
Global Markets and Commodities Update
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.
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