Chart Of The Day: Rising Interest Rates Means Falling Gold
Wall Street Opens Higher, Shrugging Off Jobless Setback; S&P Tops 4,000 |
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| © Reuters. |
| The S&P 500 topped 4,000 points for the first time as Wall Street started the second quarter on a bright note, shrugging off any disappointment about a surprise increase in initial jobless claims last week. By 9:40 AM ET (1340 GMT), the S&P 500 was up 0.7% at 4,001.28 points, while the Dow Jones Industrial Average was up 70 points, or 0.2% at 33,051 points. However, the Nasdaq Composite was outshining both with a gain of 1.5%, with chipmakers making notable gains on the back of strong outlooks from Micron (NASDAQ:MU) and Taiwan Semiconductor Manufacturing. |
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