Dow, S&P end at new records, brushing off North Korea, weak data

Dow, S&P end at new records, brushing off North Korea, weak data

US stocks closed higher on Friday, with technology, financials, and telecommunication shares leading the way higher.

At 9.39am ET (9.39pm Singapore time), the Dow Jones Industrial Average was up 28.81 points, or 0.13 per cent, at 22,232.29, the S&P 500 was down 0.45 points, or 0.01 per cent, at 2,495.17.

Investors largely shrugged off the latest rise in tensions on theKorean peninsula and a terrorist attack in London, with haven assets from the yen to gold declining.The S&P 500 took the round-number milestone in the final minutes of trading to end the week with a 1.6 percent advance.

USA retail sales unexpectedly fell last month, the Commerce Department said, while another report showed industrial output in August notched its first decline since January.

Meanwhile, in the corporate space, Oracle's share price got pummelled after co-CEO Safra Catz guided toward growth in fiscal second quarter sales of between 2% to 4%, versus market forecasts calling for an increase of 4.7%.

Graphics chipmaker Nvidia (NVDA) posted a standout gain after Evercore ISI raised its price target on the company's stock to USD250 from USD180.

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Both teams will go in search of their first win of the season, having lost their respective season-opening games on Sunday. Two years ago the Bengals running back combination of Jeremy Hill and Gio Bernard were looked at as flawless compliments.

Over the course of the day 1,200 shares traded hands, as compared to an average volume of 1,660 over the last 30 days for Guggenheim Dow Jones Indl Avg Div ETF (NYSEARCA:DJD).

DEAL DEAD: Chipmaker Lattice Semiconductor wobbled after the US government stopped its sale to a firm backed by the Chinese government because of national security concerns.

There was mixed news from the manufacturing sector, as total industrial activity plunged 0.9% percent in August, versus expectations of a 0.1% decline. The Standard & Poor's 500 index closed above 2,500 for the first time as stocks had one of their best weeks this year. The Russell 2000 index of smaller-company stocks dipped 1 point, or 0.1 percent, to 1,425.

Apple added 1.4 percent Friday, while Boeing moved up 1.5 percent. The Nasdaq Composite Index was up 22 points, or 0.4%, to 6,451, hitting a intraday record at 6,464.27. Many companies on the British FTSE 100 are multinationals whose overseas earnings are diminished in value when the pound appreciates against other currencies. Health care stocks were higher, while technology companies fell. Hong Kong's Hang Seng fell 0.7 percent to 27,571.42 and the Shanghai Composite in mainland China shed 0.6 percent to 3,353.11. The pound jumped to $1.3354 from $1.3197.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.20 percent. Brent crude, used to price global oils, gained 46 cents to $55.62 a barrel in London.

Wholesale gasoline rose 3 cents to $1.66 a gallon. The S&P 500 technology sector reported a gain of 0.05%. The euro weakened to $1.1906 from $1.1919.

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