S&P, Nasdaq hit record highs as volatility drops

S&P, Nasdaq hit record highs as volatility drops

The Nasdaq gained 17.93 (+0.29 percent) to close at 6,120.59 while the S&P 500 finished at 2,396.92, down 2.46 (-0.10 percent) from its open.

The Dow Jones industrial average slipped 7 points to 21,004, and the Nasdaq composite rose 20 points, or 0.3 percent, to 6,123. The Nasdaq stood fast, closing up 0.3% to post another new closing high.

The 10-year US Treasury note's yield, which moves inversely to price, hit its highest point in almost six weeks, adding 0.5 basis points at 2.392 per cent, while the price of gold, another so-called safe-haven asset, dropped 0.5 per cent to an eight-week low at 1,220.29.

S&P, Nasdaq hit record highs as volatility drops

NEW YORK (AP) - U.S. stock indexes are edging mostly higher in midday trading, a day after setting their latest record highs. Utilities lost 0.6 percent and real-estate stocks lost 1.1 0.5 percent.

Apple rose 0.64 percent to end at $153.99, giving it a market valuation of $802.9 billion, a first for a USA company.

CHECKING IN: Marriott International jumped $6.10, or 6.3 percent, to $102.47 after reporting stronger-than-expected earnings for the latest quarter.

PGA Tour: Smith and Blixt claim Zurich Classic
Fifteen-year-old Victoria Tip-Aucha will create history tomorrow when she becomes the first woman to play on the MENA Tour. It was further stroke back to former world number one Jordan Spieth and fellow Texan Ryan Palmer, who carded a 64 for 266.

S&P 500 earnings on average have grown 14.4 percent, up from 10.1 percent estimated at the start of the earnings season, according to Thomson Reuters I/B/E/S. Consumer staples and telecommunications services stocks also finished in the red.

Demand has dulled for high income-paying stocks as bonds have begun to pay more in interest.

EVERYONE REMAINS CALM: Markets have been placid, as investors keep crossing off reasons to fear. And the recent presidential election in France raised confidence that voters may be turning their back on a nationalistic brand of politics that could hurt global trade.

John Velazquez Says Always Dreaming Is Todd Pletcher's Best Kentucky Derby Horse
Long shots Lookin at Lee and Battle of Midway were next across the line in slow conditions caused by rains Friday and Saturday. Classic Empire finished fourth, followed by Practical Joke , Tapwrit, Gunnevera, McCraken, Gormley and Irish War Cry.

The VIX, Wall Street's "fear gauge", hit its lowest level in more than a decade earlier in the day. Brent crude, the global standard, fell 61 cents to $48.73 a barrel. US equity markets were hobbled by a downturn in USA crude-oil prices, which fell by 1.2%, to settle at $45.88 a barrel, ending two days of gains for the commodity.

Gold dipped $11.00 to settle at $1,216.10 per ounce, silver fell 19 cents to $16.07 per ounce and copper was close to flat at $2.50 per pound.

Company debuts new way to get your caffeine fix in the morning
The caffeine is incorporated into the mix with espresso and a coffee-cherry flour, boasts 13 grams of protein from the cocoa in the batter and 6.5mg of iron.

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