This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-30597528
The article has changed 3 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Dow Jones index hits all-time high before Christmas | |
| (4 months later) | |
| (Close) The Dow Jones edged to another record high on Wednesday, closing at a record high of 18,030 after a shortened trading session. | (Close) The Dow Jones edged to another record high on Wednesday, closing at a record high of 18,030 after a shortened trading session. |
| On Tuesday, the index had breached the 18,000 points mark for the first time. | On Tuesday, the index had breached the 18,000 points mark for the first time. |
| The index rose 0.03%, as investors were further encouraged by news that the US economy had grown at its fastest rate in 11 years. | The index rose 0.03%, as investors were further encouraged by news that the US economy had grown at its fastest rate in 11 years. |
| However the S&P 500 fell marginally, by 0.01% to 2,082, while the Nasdaq gained 0.17%, closing at 4,773. | However the S&P 500 fell marginally, by 0.01% to 2,082, while the Nasdaq gained 0.17%, closing at 4,773. |
| Trading in New York ended early, due to the Christmas holidays. | Trading in New York ended early, due to the Christmas holidays. |
| US stocks have been gaining ground since the country's central bank, the Federal Reserve, said last week that it would be "patient" before raising interest rates. | US stocks have been gaining ground since the country's central bank, the Federal Reserve, said last week that it would be "patient" before raising interest rates. |
| In further good news for the US economy, data released on Wednesday found that the number of Americans claiming unemployment benefits fell by 9,000 to 280,000 last week. | In further good news for the US economy, data released on Wednesday found that the number of Americans claiming unemployment benefits fell by 9,000 to 280,000 last week. |
| Markets in the US were also buoyed by a further fall in the price of oil, which is seen as good news for the country's consumers. | Markets in the US were also buoyed by a further fall in the price of oil, which is seen as good news for the country's consumers. |
| Brent crude dropped below $60 per barrel once again, falling by almost 3% to $59.96. | Brent crude dropped below $60 per barrel once again, falling by almost 3% to $59.96. |