New Record Highs for the Nasdaq and S&P500, Barclays Case to Go Ahead After Judge Refuses to Dismiss
April 27, 2015 7:55 am
The Nasdaq Composite and S&P 500 chalked up record high closes on Friday, propelled by strong results from tech behemoths Google, Amazon and Microsoft. This morning Asian shares scaled seven-year highs following stellar earnings from the U.S. hi-tech giants, but investors were cautious ahead of central bank meetings this week in the U.S. and Japan and on deadlock in creditors’ talks with Greece. The Dow Jones industrial average closed up 21 points to 18,080.14. The S&P 500 gained 4 points and the Nasdaq Composite added 36 points.
The Euro stood at $1.0865, near a three-week high of $1.0900 on Friday, but the common currency was hampered by growing uncertainty over the likely outcome of Greece’s negotiations with creditors. The Dollar was buying 118.93 Yen, down about 0.1% on the day and well below last week’s high of 120.10 Yen touched on Thursday, and back toward its April low of 118.525 plumbed one week ago.
Oil prices held firm as renewed fighting in Yemen helped to boost Brent crude oil prices to a 4 1/2-month high of $65.80 per barrel on Friday. They last stood at $65.30. U.S. crude fell 14 cents to $57.01 a barrel, after rising for the sixth consecutive week in its longest stretch of gains since the first quarter of 2014.
Barclays Plc failed to persuade a U.S. judge to dismiss a lawsuit accusing the British bank of defrauding shareholders about a private “dark pool” trading platform even as it was publicly pledging to clean up its corporate culture. The stock was down 0.5% in early trade at 260p per share.
The Nasdaq Composite and S&P 500 chalked up record high closes on Friday, propelled by strong results from tech behemoths Google, Amazon and Microsoft. This morning Asian shares scaled seven-year highs following stellar earnings from the U.S. hi-tech giants, but investors were cautious ahead of central bank meetings this week in the U.S. and Japan and on deadlock in creditors’ talks with Greece. The Dow Jones industrial average closed up 21 points to 18,080.14. The S&P 500 gained 4 points and the Nasdaq Composite added 36 points.
The Euro stood at $1.0865, near a three-week high of $1.0900 on Friday, but the common currency was hampered by growing uncertainty over the likely outcome of Greece’s negotiations with creditors. The Dollar was buying 118.93 Yen, down about 0.1% on the day and well below last week’s high of 120.10 Yen touched on Thursday, and back toward its April low of 118.525 plumbed one week ago.
Oil prices held firm as renewed fighting in Yemen helped to boost Brent crude oil prices to a 4 1/2-month high of $65.80 per barrel on Friday. They last stood at $65.30. U.S. crude fell 14 cents to $57.01 a barrel, after rising for the sixth consecutive week in its longest stretch of gains since the first quarter of 2014.
Barclays Plc failed to persuade a U.S. judge to dismiss a lawsuit accusing the British bank of defrauding shareholders about a private “dark pool” trading platform even as it was publicly pledging to clean up its corporate culture. The stock was down 0.5% in early trade at 260p per share.
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