Tuesday, 22 May 2018
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U.S. Stocks End Moderately Higher; Retailers Climb
Thursday, 17 May 2018 03:21 WIB | MARKET UPDATE |DOW JONESS & P 500Saham AS

U.S. stocks ended higher Wednesday, shaking off geopolitical worries and rising bond yields as retailers gained ground following strong earnings from Macy's Inc.

The S&P 500 finished 0.4% higher to 2722.55, while the Dow Jones Industrial Average advanced around 62 points, or 0.3% to 24768.93, according to preliminary figures. The Nasdaq Composite rose 0.6% to 7398.30.

The small-cap Russell 2000 was on track for a record close, with a 0.6% rise. Shares of Macy's rose more than 10% to lead S&P 500 gainers after the retailer reported strong earnings and boosted its outlook for fiscal 2018. Other retailers were also strong performers, including Target Corp. which rose nearly 3%.

Source : Market Watch

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