Dow Hits Another Record as Banks And Oil Continue to Climb
Tuesday, 6 December 2016 00:35 WIB | MARKET UPDATE |Indeks S&P 500Saham ASIndeks Dow Jones

U.S. stocks are resuming their climb Monday, led by gains in bank stocks, sending the Dow Jones industrial average to another record high. Technology companies, which have weakened since the presidential election, recovered some of their recent losses. European stocks were mostly higher, but Italy's market fell after Italian voters rejected constitutional changes and the country's premier said he would resign.

The Dow Jones industrial average rose 77 points, or 0.4 percent, to 19,247 as of 11:56 a.m. It closed at a record high Thursday. The Standard & Poor's 500 index jumped 14 points, or 0.6 percent, to 2,206. The Nasdaq composite climbed 51 points, or 1 percent, to 5,306. Small-company stocks on again outpaced the rest of the market.

 Small-company stocks rose more than the rest of the market. The Russell 2000 jumped 18 points, or 1.4 percent, to 1,332. Thanks to a big rally in November, the Russell is up 17 percent this year, or more than twice as much as the S&P 500. Smaller companies, which are more domestically focused than large multinationals, could stand to benefit more than larger companies from a pickup in U.S. growth.

Source: AP

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