Dow, S&P 500 end at fresh records on bullish earnings reaction

Quick Summary:

Dow piles on 1.9 per cent, or more than 740 points, to finish at 40,954.48 - a second straight record.

The health company also reaffirmed that annual profits were on track with prior estimates when stripping out a costly cyberattack.

US retail sales slipped less than analysts anticipated in June in a dynamic that market watchers says keeps alive a soft landing narrative.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: York Cent Interest Record Market Bank Cuts Profits Unitedhealth 2024 Earnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 05:02:22 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 477 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21658280

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Year Established: 1845

Headquarters: Singapore

News Last Updated: 3 hours ago

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Publisher ID: #25

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