U.S. stocks edged up to record levels on Thursday as a batch of encouraging domestic economic releases outweighed global growth concerns sparked by weak data from the eurozone and China. At close, the Dow Jones Industrial Average added 33.27 points, or 0.19%, to 17,719.00. The S&P 500 was up 4.03 points, or 0.20%, to 2,052.75. The Nasdaq Composite gained 26.16 points, or 0.56%, to 4,701.87.
Sales of existing homes rose in October to their highest level in a year. Sales of previously owned homes climbed 1.5% last month to a seasonally adjusted annual rate of 5.26 million, the National Association of Realtors said Thursday. September’s sales pace was revised up slightly to 5.18 million.
The leading indicators index, used to predict the future of the economy’s health, rose sharply last month. The index increased 0.9 percent in October, topping the 0.7 percent increase in September, The Conference Board announced on Thursday.
Gap Inc. (GPS) on Thursday reported fiscal third-quarter earnings of $351 million. The San Francisco- based company said it had profit of 80 cents per share. Earnings, adjusted for pretax gains, came to 74 cents per share. The results missed Wall Street expectations.
Leave a Reply
You must be logged in to post a comment.