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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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28 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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Source: Forbes Business

 
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3 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing t ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

3 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH370 ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

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