Moneycontrol PRO
HomeNewsBusinessMarketsS&P 500 topples another record; benchmark hits 2,000

S&P 500 topples another record; benchmark hits 2,000

The Dow Jones Industrial Average climbed 101.63 points, or 0.6 percent, to 17,102.85.

August 25, 2014 / 20:49 IST

US stocks rose on Monday, with the S&P 500 hitting the 2,000 milestone, lifted by a round of corporate deals and optimism that the European Central Bank would embark on further moves to stimulate the European economy.Stocks held gains after a report had new-home sales in July coming in below estimates.Remarks Friday by ECB President Mario Draghi at the Jackson Hole, Wyoming, meeting of central bankers heightened expectations of additional policy easing.Read More 'Groundbreaking' Draghi brings cheer to marketsBurger King Worldwide is in talks to combine with Tim Hortons, the Canadian seller of coffee and doughnuts. Switzerland's Roche Holding has agreed to acquire U.S. biotechnology company InterMune for USD 8.3 billion in cash. The Dow Jones Industrial Average climbed 101.63 points, or 0.6 percent, to 17,102.85.Furthering its climb into uncharted terrain and topping the 2,000 mark, the S&P 500 was lately up 10.60 points, or 0.5 percent, to 1,999.00, with financials pacing sector gains.The Nasdaq gained 26.16 points, or 0.6 percent, to 4,564.71.For every share falling, more than two rose on the New York Stock Exchange, where 86 million shares traded as of 10:15 a.m. Eastern. Composite volume topped 357 million.

first published: Aug 25, 2014 08:49 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347