· The S&P 500 eked out another record high close on Tuesday and capped its best four-month stretch in nearly nine years after a recent rally that helped to restore investors’ belief in the decade-long bull run.
Apple shares jumped about 5 percent following its quarterly results after the bell, which will help to ease worries about the earnings outlook for the S&P 500, even as Google-parent Alphabet tumbled during the session in the wake of a revenue miss.
The Dow Jones Industrial Average rose 38.52 points, or 0.15%, to 26,592.91. The S&P 500 gained 2.8 points, or 0.10%, to 2,945.83, and the Nasdaq Composite dropped 54.01 points, or 0.66%, to 8,095.39.
For the month, the Dow rose 2.6%, the S&P 500 gained 3.9% and the Nasdaq added 4.9%. All three indexes posted their best monthly percentage gains since January.
· Stocks fell on Wednesday after the top-ranking Federal Reserve official hinted that lower rates may not be in the cards.
The Dow Jones Industrial Average closed down 162.77 points at 26,430.14, while the S&P 500 pulled back 0.8% to 2,923.73 after hitting an all-time high. The Nasdaq Composite declined 0.6% to 8,049.64. The S&P 500also posted its worst day since March 22.
· Stocks in Asia Pacific were mixed in Thursday morning trade, following the U.S. Federal Reserve’s overnight monetary policy decision and hints that the central bank is not considering a cut in interest rates at this moment.
South Korea’s Kospi recovered from its earlier slip to gain 0.18% in morning trade, as shares of industry heavyweight Samsung Electronics rose 0.11% and chipmaker SK Hynix soared 2.53%.
The ASX 200 in Australia, on the other hand, declined 0.62% as the sectors traded mixed.
· Markets in China and Japan are closed for holidays.
Reference: CNBC, Reuters
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