S&P 500 stalls at record level, set for best August in 36 years | Malay Mail

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NEW YORK, Aug 31 — The S&P 500 hovered near record highs today as bets on an economic revival due to prolonged central bank support put the index on course for its best August in decades. The Federal Reserve’s commitment to tolerate inflation and keep interest rates low, positive...

The Dow is within 3.5 per cent of its record close on Feb. 12. — Reuters pic

The Dow is within 3.5 per cent of its record close on Feb. 12. Trading in new entrants to the blue-chip index Salesforce.com Inc, Honeywell International Inc and Amgen Inc was subdued. The three main indexes are also set for their fifth straight monthly rise following March lows, with the S&P 500 looking at its biggest per centage rise in August since 1984, even as economic data pointed to an uneven recovery from the steep downturn.

At 09:53 a.m. ET, the Dow Jones Industrial Average was down 139.46 points, or 0.49 per cent, at 28,514.41, the S&P 500 was down 3.65 points, or 0.10 per cent, at 3,504.36. The Nasdaq Composite was up 35.35 points, or 0.30 per cent, at 11,730.98.

 

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