STOCKS HIT ALL-TIME HIGH: Here's What You Need To Know
Oct 18, 2013, 01:30 IST
REUTERS/Chris Wattie
The government shutdown is over, the debt ceiling has been delayed, and the S&P is at an all-time high.Advertisement
First, the scoreboard:
- Dow: 15,369.7, -4.0, -0.0%
- S&P 500: 1,732.7, +11.2, +0.6%
- NASDAQ: 3,861.4, +21.9, +0.5%
And now the top stories:
- Late Wednesday evening, President Obama signed into law an agreement to raise the debt ceiling and reopen the government. Initially it appeared the news had been priced into the markets. But after opening in the red, the stock markets rallied and the S&P 500 actually hit an all-time record high.
- The Dow Jones Industrial Average, however, lagged. This was completely due to sharp sell-offs in IBM and Goldman Sachs, two of the three largest components of the Dow.
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