Record Finishes Continue for Dow and S&P 500; U.S. Manufacturing Up in May
The record days continue as the S&P 500 finishes at a record high for the third straight day while the Dow Jones achieved another record close for the second straight day. The Institute for Supply Management initially reported that U.S. manufacturing fell from 54.9 to 53.2 in May. But economists discovered an error and the ISM recalculated their data and discovered that the manufacturing index actually rose to 55.4 in May. Apple (AAPL) revealed multiple updates today at its WWDC. There will be a new version of Mac OS X that will be ready in the fall.The new iOS 8 was also shown today, while it is not considered a radical upgrade, there are many useful features that will be available later this year.
Word on the Street
Published on Jun 2, 2014By InvestorGuide Staff