U.S.
stocks rose a fourth day, with the Standard & Poor™s 500 Index
extending a record, as data showing companies added to payrolls last
month fueled optimism on growth in the economy.
The
S&P 500 rose 0.3 percent to a record 1,890.90 at 4 p.m. in New
York. The Dow Jones Industrial Average rose 40.33 points, or 0.2
percent, to 16,572.94. The gauge briefly erased its loss for the year.
The
S&P 500 rose 0.7 percent yesterday to cap a third day of gains, the
longest streak since February, as consumer and technology stocks pushed
the gauge to a record and an index of manufacturing boosted optimism
the economy withstood severe winter weather.
The
equities benchmark trades at 17.5 times reported earnings, the highest
level since 2010 and 11 percent above its five-year average, according
to data compiled by Bloomberg.
Source : Bloomberg
No comments:
Post a Comment