U.S.
stocks rose, after benchmark indexes climbed to records last week, as
an expansion in American service industries offset concern over growth
in China and political tensions in Ukraine.
The S&P 500 added 0.2 percent to 1,884.64 at 4 p.m. in New York, after dropping as much as 0.8 percent earlier.
Investors
pulled $2.66 billion last week out of exchange-traded funds that invest
in U.S. equities, data compiled by Bloomberg show. Technology-focused
ETFs saw withdrawals of $1.5 billion, the most among 12 sectors tracked
by Bloomberg. Energy and utility funds attracted the biggest inflows,
with deposits each totaling more than $400 million, the data show.
U.S.
stocks rose last week, with the Dow average reaching an all-time high,
as earnings topped forecasts and the Federal Reserve said it would
further trim bond purchases as the economy gains momentum. The S&P
500 added 1 percent, taking its gain this year to 1.8 percent. The
benchmark gauge briefly climbed above its highest closing price on May
2, as data showed U.S. payrolls rose the most since 2012.
Source : Bloomberg
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