Dow Closes At Record High

Dow Closes At Record High

US stock indexes are inching mostly higher in early trading on Wall Street as more gains for Boeing send the Dow Jones industrial average above the record high it reached a day earlier.

The Dow Jones Industrial Average closed at its fourth straight record, rising almost 0.3 per cent to 22,268.34, while the broader S&P 500 rose 0.2 per cent to 2,500.23, edging to a new all-time high.

The S & P 500 ended the week 1.6% higher and the Dow Industrials up by 2.2%, for a one-year gain in the latter of 26%.

PRICES: U.S. consumer prices grew 0.4 percent in August, according to the Labor Department, and they're up 1.9 percent over the previous year.

First, the data. Headline CPI rose 0.4% month-over-month in August, beating forecasts for a 0.3% increase, while Core CPI, which excludes food and energy, rose 0.2%, meeting expectations.

Other markets:Oil futures ( were modestly higher, remaining on track for a weekly gain of about 5%.

Over the course of the day 1,200 shares traded hands, as compared to an average volume of 1,660 over the last 30 days for Guggenheim Dow Jones Indl Avg Div ETF (NYSEARCA:DJD). Tech blue-chips Apple and Intel were among the biggest gainers.

On the currency front, the USA dollar is trading at 111.00 yen compared to the 110.24 yen it fetched at the close of NY trading on Thursday.

Germany's DAX lost 0.2 percent and France's CAC 40 sagged 0.2 percent.

The energy index climbed 0.39% after United States crude hit $50 per barrel for the first time since 10 August on a bullish demand forecast by the International Energy Agency.

Gold fell 0.6 percent to $1,321.69 an ounce.West Texas Intermediaterose 0.1 percent to $49.93 a barrel.

The Bloomberg Dollar Spot Index fell 0.2 percent.The euro climbed 0.2 percent to $1.1941.The British pound gained 1.3 percent to $1.3568, the strongest in nearly 15 months. A stronger pound would hurt the earnings of British companies that do a lot of business overseas.

The consumer discretionary index.SPLRCD fell 0.54 percent, pulled down by a 0.74-percent decline in AMZN.O and a 0.93-percent dip in Walt Disney DIS.N. The pound jumped to $1.3354 from $1.3197. Health care stocks were higher, while technology companies fell.

The US$226mln-valued company'sstock rose 3.5% on the news.

The benchmark gained 0.2 percent to 2,500.23 Friday, capping its biggest weekly advance since January, as technology shares rebounded and banks climbed with Treasury yields.

CURRENCIES: The dollar slid to 110.19 yen from 110.26 yen. The Standard & Poor's 500 index slid 0.1 percent to 2,495.62. Hong Kong's Hang Seng edged up 0.1 percent.