Dow, S&P end at new records, brushing off North Korea, weak data

Share

US stocks advanced Friday, with the S&P 500 Index closing at a new all-time high as investors shrugged off North Korea's latest provocation.

There was mixed news from the manufacturing sector, as total industrial activity plunged 0.9% percent in August, versus expectations of a 0.1% decline. Data released Thursday showed US consumer prices rose in August at their fastest pace in seven months, a possible sign inflation is picking up pace.

Earlier, North Korea fired a second missile in as many weeks over Japan, drawing criticism from global leaders but barely moving shares as investors await the next catalyst - the Federal Reserve's meeting on September 19-20. South Korea's Kospi recouped initial losses to end 0.4 percent higher. Technology stocks helped indexes to gain.

The pan-European FTSEurofirst 300 index of leading regional shares lost 0.41 percent to close at 1,495.38.

America's dominant stock market index, the Standard & Poor's 500, has passed the threshold of 2,500 for the first time in its 60-year history.

The Dow Jones Industrial Average rose 64.86 points, to 0.3%, to close at 22,268.34, logging its fourth straight record close and its sixth consecutive day of gains.

Additionally, North Korea threatened to reduce the U.S.to "ashes and darkness" and sink Japan, leaving the Nikkei in the red. The tech-rich Nasdaq was up 19.38 points (0.30 per cent) to 6,488.47.

Kentucky football opens SEC play against SC
The Wildcats have run for over 200 yards in each of the wins. "We moved the ball much better than we did the entire game". He had five catches for 122 yards, including a 68-yard touchdown catch to open the game.

Singapore Grand Prix qualifying: Vettel on pole for night race
The four-time champion was clearly ecstatic to snatch the pole after a hard start to qualifying which saw him down on pace. Comment below to get involved in the debate, but please adhere to our House Rules .

Tropical Storm Maria Is Latest Threat to Caribbean Islands
It said the swells are likely to cause risky surf and life-threatening rip currents for several days in these areas. Regardless, the likelihood of impacts such as strong winds and at least minor storm surge is heightened.

TAKING ILL: Prescription drug distributor AmerisourceBergen declined $3.73, or 4.4 percent, to $80.59 and competitor McKesson fell $5.81, or 3.7 percent, to $151.87.

Stocks wobbled in early trading after the Commerce Department said retail sales slipped in August and the Federal Reserve said industrial production dropped last month, mostly because of Hurricane Harvey.

German Bunds last fell 1 basis points in price to yield 0.433 percent, up from 0.437 percent late on Thursday.

Britain's FTSE 100 fell 0.9 percent while the French CAC 40 rose 0.1 percent and Germany's DAX fell 0.2 percent. Brent crude, used to price worldwide oils, gained 46 cents to $55.62 a barrel in London.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.20 percent.

CURRENCIES: The dollar slid to 110.19 yen from 110.26 yen.

OIL: Benchmark U.S. crude oil rose 71 cents, or 1.4 percent, to $50.01 a barrel, the first time in a month it traded above $50. The euro weakened to $1.1906 from $1.1919.

Share