10 Updates

S&P Closes Best Day Of The Year At Record High, Led By Travel, Cigarettes And Burritos

Mar 4 2014, 6:44pm CST | by

Tuesday, stocks made up for the losses suffered Monday and then some. The market had its best day so far this year as the S&P 500 Index hit a record high and the entire Dow Jones Industrial...

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20 weeks ago

S&P Closes Best Day Of The Year At Record High, Led By Travel, Cigarettes And Burritos

Mar 4 2014, 6:44pm CST | by

Tuesday, stocks made up for the losses suffered Monday and then some. The market had its best day so far this year as the S&P 500 Index hit a record high and the entire Dow Jones Industrial Average saw green.

The Dow and S&P finished the trading day up 1.4% and 1.5% respectively. For both indices point and percentage gains were their largest since December 18 of last year. That day the Dow gained 1.8% and the S&P gained 1.66%. Tuesday, the S&P closed up 28.25 points at a new high of 1873.88.

Online travel booking site TripAdvisor led the S&P in percentage gains finishing the day at $106.89, up 6.3%. Other stocks that clocked in greater than 5% daily gains were Delta Air Lines, Reynolds American,  Bristol-Myers Squibb, Chipotle Mexican Grill and E-Trade Financial.

Delta’s 5.7% gain to $34.45 follow the company’s announcement that — although it canceled nearly 8,000 flights in February due to inclement weather –  it boarded more passengers last month than in February 2013 and revenue per passenger was up 4%. Cigarette maker Reynolds America popped late in the day on reports it is considering a merger with rival Lorillard. Reynolds closed up 5.6% at $56.31. (Lorillard, also an S&P component, closed up 3% at $55.24.)

Just 28 S&P stocks finished the day in the red with only Cliffs Natural Resources, an iron ore and coal mining company, reporting declines greater than 2%. All 30 stocks in the Dow finished the day up, with American Express, Walt Disney, Pfizer, Goldman Sachs Group, DuPont and General Electric leading the pack with greater than 2% gains.


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Update
10

6 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat wa ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

Splendour In the Grass 2014 - Byron Bay
KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broke ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewan Rakyat to ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammudd ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

INDIA-CHINA-DIPLOMACY-TRADE
PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the souther ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

Government Weekly Cabinet Meeting
KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Seri Mustapa Mohamed ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Sc ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Dama ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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