Tuesday, 29 October 2013

S&P 500 touches new record amid mixed US economic data

The S&P 500 eked out another record high on Monday, rising 0.13 percent to 1,762.11.

The small gain in stocks came amid mixed US economic reports on Monday.

Industrial production rose 0.6 percent in September but manufacturing production rose just 0.1 percent.

Pending home sales plunged 5.6 percent in September, the largest decline since May 2010.

Manufacturing activity held up better in Texas this month. The Dallas Federal Reserve's Texas Manufacturing Outlook Survey for October showed that the production index rose to 13.3 this month from 11.5 in September. However, the general business activity index fell to 3.6 in October from 12.8 in September.

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