Dow hits another record as stocks close higher

Joan Terry
July 15, 2017

Winners and Losers: Shares of Sprint Corp. soared 4 percent after the Wall Street Journal reported the company's chairman, Masayoshi Son, met with Warren Buffett about an investment.

The Dow is up 138.75 points, or 0.7 percent.

Earlier this week, the market rose after Federal Reserve Chair Janet Yellen said future rate hikes could be gradual in the face of persistently low inflation.

Dow e-minis were up 11 points, or 0.05 percent, with 15,283 contracts changing hands at 8:40 a.m. ET (1240 GMT).

A measure of implied volatility known as the CBOE VIX (NYSEARCA:VXX) fell 5.4% to 10.26.

The Nasdaq is up 121.36 points, or 2 percent.

Indictment handed down in SIU Carbondale student's death
Gaege Bethune, 22, was charged with two counts of first-degree murder Thursday , according to NBC Chicago. Pravin Varughese, who is from Morton Grover, was last seen leaving a party on campus.

The 30-Blue Chip stock index also notched an all-time intraday high.

On the stocks, Delta shares were down 1.3 percent in premarket trading, after the No.2 US airline's quarterly profit missed analysts' expectations.

On Wednesday, the European benchmark posted its best day since Emmanuel Macron's victory in the first round of French presidential elections, as banks and yield plays rallied - Yellen's speech being a catalyst for that. "Investors are definitely looking to see how those come out", Davidson said.

Bank of America (BAC.N), Goldman Sachs (GS.N) and Morgan Stanley (MS.N) all are due to report results next week. "It is a resilient market, impervious to whatever comes out of Washington". The deal, announced in June, marks the biggest acquisition ever for the world's largest online retailer.

About 5.3 billion shares changed hands on USA exchanges.

Other reports by BadHub

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