Wall Street wraps up strong week and quarter; S&P closes at record

30 September, 2017, 15:54 | Author: Marjorie Miles
  • A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan New York City

But like other stock indexes, it enjoyed a strong September-a month when. The Nasdaq index climbed 13.69 points to 6,467.14.

T was the best performing of the major S&P sectors, up 0.60 percent, and the index was poised for its fourth straight day of gains to recover from a selloff earlier in the week.

The U.S. stock market opened mixed on Friday.

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"There is some rotation out of technology into some of the reflation trade sectors".

Markets are also focusing on the tax reform plans and what will happen to them when they enter Congress.

The storms also pushed up initial claims for state unemployment benefits for the week ended September 23, the Labor Department said.

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AbbVie was the biggest boost to the S&P, rising more than 5.6 percent after announcing a global resolution of intellectual property-related litigation with Amgen.

In August, U.S. disposable personal income increased 14.9 billion dollars, or 0.1 percent, and personal consumption expenditures (PCE) increased 18.0 billion dollars, or 0.1 percent.

Advancing issues outnumbered declining ones on the NYSE by a 1.47-to-1 ratio; on Nasdaq, a 1.54-to-1 ratio favoured advancers. The Nasdaq Composite Index increased 42.51 points, or 0.66 percent, to 6,495.96.

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