S&P 500 sets new record despite rising Ukraine tensions
Published on Aug 30, 2014 5:20 AM
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.
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