Stock Markets Latest News: S&P 500 Tops 1700 for First Time

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Stock Markets Latest News: S&P 500 Tops 1700 for First Time

Stock Markets Latest News: S&P 500 Tops 1700 for First Time
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Stock Markets Latest News: S&P 500 Tops 1700 for First Time

by Wochit 0:51 mins

A new day, a new record. The benchmark S&P 500 topped 1700 for the first time, as stocks rallied on better-than-expected manufacturing and employment data in the US. The stock market is ending mixed after wavering in response to the Federal Reserve's latest assessment of the U.S. economy but July was still the best month for the market since January. Stocks added to gains after the Federal Reserve said the economy continues to recover but is still in need of support, offering no indication that a reduction in the pace of its bond-buying stimulus program is imminent.

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