NEW YORK, New York – Strong rises in Apple and Amazon saw the Nasdaq forge to a new record high on Thursday, as the broader market also took flight on strong quarterly earnings reports.
Both the Nasdaq and the Standard and Poor’s 500 closed at new all-time highs,
“Clearly we are seeing a large batch of macroeconomic data that has been coming through during the middle of third-quarter earnings reporting season and you are seeing a little bit of a tug-of-war that exists between macroeconomic data that is appearing to be somewhat softer at the margin and corporate performance which is proving to be better than expectations,” Bill Northey, senior investment director at U.S. Bank Wealth Management in Minneapolis was quoted as saying by Reuters on Thursday.
The Nasdaq Composite forged ahead Thursday, gaining 212.28 points or 1.39 percent to 15,448.12.
The Standard and Poor’s 500 added 44.74 points or 0.98 percent to 4,596.12.
The Dow Jones index gained 239.79 points or 0.68 percent to 35,730.48.
The U.S. dollar was sold off with the euro climbing to 1.1681 by the New York close. The British pound appreciated to 1.3790. The Japanese yen rose to 113.57. The Siss franc firmed to 0.9121.
The Canadian dollar edged up to 1.2341. The Australian dollar gained to 0.7545. The New Zealand dollar strengthened to 0.7198.
On overseas equity markets, the FTSE 100 on London inched down 0.05 percent. The German Dax fell 0.06 percent. The CAC 40 in Paris climbed 0.75 percent.
On Asian markets, in Japan, the Nikkei 225 dived 278.15 points or 0.96 percent to 28,820.09.
The Australian All Ordinaries fell 18.30 points or 0.24 percent to 7,739.70.
The Hang Seng in Hong Kong lost 73.01 points or 0.28 percent to 25,553.73.
China’s Shanghai Composite was off 43.89 points or 1.23 percent to close Thursday at 25,553.73.
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