Epic Research Singapore : U.S Market Update

U.S. stocks rise; S&P 500 hits 1,900

After three straight days of advances, the U.S. stock market finished the week with solid gains, sending the S&P 500 above the 1,900 level, a first on a closing basis.  

The benchmark SPX +0.42% closed 8.04 points, or 0.4%, higher at 1,900.53, a record level, and gained 1.2% over the week. 

The Dow Jones Industrial Average DJIA +0.38% gained 63.19 points, or 0.4%, to 16,606.27 and finished the week 0.7% higher. The blue-chip index turned positive for the year. 

The Nasdaq Composite COMP +0.76% ended the day up 31.47 points, or 0.8%, at 4,185.81, clocking in a 2.3% gain over the past five days.

Gold futures for June delivery GCM4 -0.15%  slipped, while crude oil for July delivery CLN4 +0.63%  inched higher. The dollar moved higher against the euro EURUSD -0.1913%  after the German Ifo business-confidence report missed expectations. 

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