Monday, Sep 22, 2014Monday, Sep 22, 2014
Business
 

S&P 500 sets new record despite rising Ukraine tensions

Published on Aug 30, 2014 5:20 AM
 
A television monitor displays news on the floor of the New York Stock Exchange on August 26, 2014 in New York City. The S&P 500 pushed back above 2,000 on Friday - the milestone it closed above for the first time on Tuesday - to finish at 2,003.37, up 6.63 points (0.33 per cent) for the day. -- PHOTO: AFP 

NEW YORK (AFP) - The S&P 500 closed August with another record Friday, continuing its slow climb even as tensions pick up in Ukraine and after Britain warned of a possible terror attack.

The broad-market gauge pushed back above 2,000, the milestone it closed above for the first time on Tuesday, to finish at 2,003.37, up 6.63 points (0.33 per cent) for the day.

The blue-chip Dow Jones Industrial Average added 18.88 points (0.11 per cent) at 17,098.45, while the Nasdaq Composite gained 22.58 (0.50 per cent) at 4,580.27, its best level in 14 years.

Nato's accusation that Russia had moved 1,000 of its own troops inside Ukraine to help pro-Moscow rebels, and had massed 20,000 on the border, stoked the tensions between Moscow and the West, but had no real impact on markets.

 
If you are not a subscriber, you can get instant, unlimited access here

Videos