Tuesday, 19 May 2015

Dow, S&P Close At Record Highs As Rate-Hike Angst Abates

Posted by suhani varma on Tuesday, May 19, 2015 with No comments

The Dow Jones industrial average and S&P 500 ended at record highs on Monday, helped by a rally in Apple as well as tepid economic data suggesting the Federal Reserve may wait to raise interest rates. The S&P 500 racked up its third straight all-time high close, gaining 6.47 points, or 0.3 percent, to end at 2,129.2 points. The Dow rose 26.32 points, or 0.14 percent, to end at 18,298.88, beating its previous record close of 18,288.63 from March 2. US homebuilder sentiment fell in May although most builders view market conditions as favorable, the National Association of Home Builders said on Monday.

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