Dow Breaks 13,900 Level; S&P 500 Sets New Intraday Record
The Dow and S&P continued to push into new record territory. The
Dow closed above the 13,900 mark for the first time and the S&P
500 reached the highest intraday level since 2000. GE helped to
boost both indices after reporting a 10% rise in Q2 profits.
Crude oil futures for August delivery jumped 2%
to $73.93 a barrel after a pipeline shutdown and maintenance work
reduced North Sea production. Gold
futures for August delivery fell 0.2% to $667.30 an ounce. To read
today’s futures market recap,
click here.
Around Europe, Germany’s DAX rose 0.5% to 8,092.77, France’s CAC
40 index added 0.24% to 6,117.96, and Britain’s FTSE 100 index
gained 0.3% to 6,716.70.
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Darren Wong
Associate Editor
darrenw@tradingmarkets.com