Dow, S&P 500 End at Record Highs Again

U.S. stocks ended generally higher on Monday, with the Dow and S&P 500 closing at record levels, as a closely watched read on U.S. manufacturing was revised to show more strength than initially indicated. The Dow Jones Industrial Average added 26.46 points, or 0.16%, to 16,743.63. The S&P 500 was up 1.40 points, or 0.07%, to 1,924.97. The Nasdaq Composite was down 5.42 points, or 0.13%, to 4,237.20.

American manufacturers grew in May at the fastest rate of 2014, as almost every major sector showed improvement, according to a index that was corrected Monday. The Institute for Supply Management now says its manufacturing index rose to 55.4% last month from 54.9% in April.

The U.S. Federal Reserve has hired a former state insurance commissioner to help it oversee non-bank financial firms
that a council of regulators identified for tougher scrutiny last year.

Apple Inc. (AAPL) introduced new health and connected-home features for the software powering the iPhone and iPad, laying the groundwork for a busy second half of the year as the company seeks to rev up its growth.

About the Author

has written 14548 stories on this site.

Copyright © 2012 Nine Stocks