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- Global Stocks: S&P closing at new highs, Dow Jones close to 18,000
Global Stocks: S&P closing at new highs, Dow Jones close to 18,000
U.S. markets closed higher on Friday for a fourth consecutive session despite disappointing data on Existing Home sales and ahead of a set of important data today, including the GDP's final revision for the third Quarter along with new homes sales, consumer spending and durable goods.. The DOW JONES added +0.87% closing at 17,959.44 points, only 41 points short of the 18,000 points mark. The S&P 500 added +0.38% with a final quote of 2,078.54. It was the 50th record closing high for the index this year. Markets continue to be broadly supported by the FED's "patient" approach to hike benchmark interest rates.
Hong Kong's Hang Seng declined by -0.36% to 23,323.18 points. China's Shanghai Composite closed at 3,035.01 points, a slump of -2.96% after investors took profit after the recent rally.
Japan's Nikkei was closed today due to a holiday.
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