Tuesday, 11th August 2020

Markets hit record highs in half day session

Written by  |  Tuesday, 24 December 2013 14:29  |  Published in BUSINESS

NEW YORK, Dec. 24 (UPI) -- Stocks closed at another record high in a holiday-shortened Christmas Eve session in New York Tuesday.

With markets shutting down at 1 p.m. EST, the Dow Jones industrial average added 62.94 points or 0.39 percent to 16,357.55. The DJIA has hit at least 45 record highs this year and is up more than 24 percent since January.

The Standard & Poor's 500 index, up more than 27 percent for the year, added 5.33 points, 0.29 percent, to 1,833.32, also setting a record closing high. The Nasdaq composite index of tech-dominated stock added 6.51 points, 0.16 percent, to 4,155.42.

On the New York Stock Exchange, 2,043 issues advanced while 1,015 declined. Trading was light with 1.3 billion shares trading hands.

Stocks got a boost from November's durable goods data. New orders in November rose 3.5 percent, the Commerce Department said. In a separate report, the department said new home sales in November slid 2.1 percent compared to October.

Tokyo's Nikkei 225 added 0.12 percent or 11.91 points to 15,889.33. Hong Kong's Hang Seng index added 257.99 points or 1.13 percent to 23,179.55 and Australia's S&P/ASX 200 added 35.30 points or 0.67 percent to 5,327.20.

McDonalds website advises against eating a lot of fast-food

Written by  |  Tuesday, 24 December 2013 15:01  |  Published in BUSINESS

OAK PARK, Ill., Dec. 24 (UPI) -- U.S. fast-food chain McDonald's defended an employee resource website that advises against eating fast-food often.

The website, which appears to contain content from a third-party vendor, unfavorably compares hamburger meals with submarine sandwiches and includes pictures of food similar to that served at McDonald's as examples of an "unhealthy choice," CNBC reported Tuesday.

Many millionaires say they don't feel rich

Written by  |  Saturday, 27 July 2013 11:15  |  Published in BUSINESS

NEW YORK, July 28 (UPI) -- Millionaires say they are not so financially comfortable they can do whatever they want, when they want to, a U.S. survey found.

UBS Wealth Management Americas surveyed 4,450 investors with $1 million or more in investable assets and found that most of them said they didn't feel rich, the New York Post reported.

(C) 2013 Copyrights Theodore Myles