While you were sleeping: Dow hits record high

Mon, 05 Dec 2016

By Margreet Dietz Dec. 6 (BusinessDesk) - Wall Street rose, with the Dow climbing to a fresh record, as did oil prices as investors chose to focus on the prospect of an improving US economy and shook off the results of an Italian referendum. In 12.45pm trading in New York, the Dow Jones Industrial Average rose 0.3 percent, while the Nasdaq Composite Index climbed 0.9 percent. In 12.31pm trading, the Standard & Poor’s 500 Index gained 0.6 percent. "Over the last few months, we had this increasingly pessimistic outlook on the stock mark...

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