S&P 500 ekes out a small gain to set a new record

[Cigar]

http://ak.imgfarm.com/images/ap/Wall_Street_Premarket.sff_NY107_20131021074827.jpg

The Standard & Poor's 500 index eked out the smallest of gains to set a record high Monday as investors assessed third-quarter earnings news.

Earnings will hold investors' attention this week as major U.S. companies including McDonald's, Boeing and Procter & Gamble report their results. Rising profits have been one of the key supports for this year's rally in stocks.

Toymaker Hasbro and the V.F. Corporation, which owns clothing brands including Wrangler and The North Face, were among the biggest gainers in the S&P 500 after reporting earnings that beat analysts' expectations. McDonalds dipped after reporting disappointing revenue.

The S&P 500 closed up a fraction of a point at 1,744.66, an all-time high, its third consecutive record close. Stocks climbed last week after Washington reached a deal to end a 16-day government shutdown and avert a default on the nation's debt

FULL story at link.


Read more: http://apnews.excite.com/article/20131021/DA9IP4A02.html

:laugh:

[Ransom]

Reckon this is why Obama wants to cut the corporate tax rate of 35 percent to 28 percent and give manufacturers a preferred rate of 25 percent?

[Ransom]

http://thepoliticalforums.com/threads/16466-Richest-1-percent-earn-biggest-share-since-20s/page3?highlight=income

I couldn't make this up. Post #12, thanks.

[patrickt]

Amazing how printing more money brings inflation.