News Formal

U.S. stocks send a mostly mathematical message

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Record highs for the S&P 500 can co-exist with a weak and unpredictable economy. The recovery in share prices may reflect little more than the Fed’s squashing of interest rates, writes richardbeales1.

The S&P 500 Index hit an all-time high during the trading day on Aug. 19, when Apple also became the first publicly listed U.S. company to exceed $2 trillion in market capitalization. By the close, the S&P 500 was down slightly on the day and Apple shares, although up slightly, were below their intraday high.

Apple shares have surged since quarterly results in July that saw the iPhone maker eclipse Saudi Aramco as the world's most valuable listed company.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 470. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Stocks mixed after S&P 500 record close - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »