Friday 28 February 2014

S&P 500 hits new high, Europe slips on Ukraine tension

US stocks rose to a record high on Thursday. The S&P 500 gained 0.5 percent to 1,854.29, completing its recovery from its tumble earlier in the year and ensuring that the bull market continues.

Stocks made a new high despite a report on Thursday showing that US durable goods orders fell 1.0 percent in January.

Other data from that report were positive though. Orders excluding transportation rose 1.1 percent and orders for non-defence capital goods excluding aircraft rose 1.7 percent.

In Europe, the STOXX Europe 600 fell 0.2 percent despite a report from the European Commission showing that its economic sentiment indicator for the euro area rose to 101.2 in February, the highest since July 2011, from 101.0 in January.

European stocks fell amid rising tension in Ukraine after armed men seized the regional government headquarters in Crimea on Thursday.

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