Stock Market News For Sep 19, 2017
Zacks Investment Research | Sep 18, 2017 09:55PM ET
The Dow and the S&P 500 hit fresh records on Monday as North Korea fears ebb following U.S. Secretary of Treasury Rex Tillerson’s announcement that the United States was looking for a peaceful solution for its problems with the Asian country. Further, investors focused on the Federal Open Market Committee’s two-day meeting. This gave rise to speculations that the Fed might start unwinding its $4.5 trillion balance sheet which boosted the U.S. Treasury yields, leading to broad based gains for the financial sector.
The Dow Jones Industrial Average (DJIA) closed at 22,331.35, gaining 0.3%. The S&P 500 Index (INX) increased 0.2% to close at 2,503.87. Meanwhile, the Nasdaq Composite Index (IXIC) closed at 6,454.64, increasing 0.1%. Advancing issues outnumbered decliners on the NYSE by 1,611 to 1,202. On the Nasdaq, advancers outnumbered decliners by 1,857 to 999. the CBOE VIX touched 9.88 — the lowest level since Aug 5..
Dow, S&P 500 Hit Fresh Records
The Dow added 63.01 points of Monday to end the session on a record high, registering its fifth record close on the trot and seven straight sessions of gains. Shares of Caterpillar Inc. (NYSE:CAT) and General Electric Co. (NYSE:GE) gained 2% and 2.2% respectively, contributing to the most of the gains for Dow. Caterpillar possesses a Zacks Rank #1 (Strong Buy). You can see Zacks Investment Research
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