Dow Jones and S&P 500 End October With Record Highs
October is typically known for its market crashes, but this year the month ended with stocks at record highs. The Dow Jones and S&P 500 closed out the day at record highs, while Nasdaq climbed as high as 4641.51 in early trading, its highest level in over 14 years. Global stocks reacted positively to Japan's Nikkei which jumped up 4.8% today, thanks in part to Japan adding more stimulus to its struggling economy. Despite falling gas prices, Exxon (XOM) posted strong third quarter numbers. Thanks to a very strong performance for its refining business, the world's largest oil company said that profits were up 3% in Q3.
Word on the Street
- U.S. consumer spending fell in last month.
- Wages increased by 0.8% in Q3, compensation rose by 0.7%.
- 5 stocks that continue to struggle in 2014.
- Euro sinks to a 2-year low, falls under $1.25.
- Despite falling gas prices, Exxon (XOM) posts strong Q3 earnings.
- Citigroup (C) downwardly adjusts third quarter earnings.
Published on Oct 31, 2014By InvestorGuide Staff