Tradeline Financials - US Markets Staying Near Record Highs - Week 47, 2014

Nov. 18, 2014 - PRLog -- Tradeline Financials is an independent, diversified financial services firm catering to all types of investors. Our goal is to understand, anticipate and meet our clients' changing financial needs with the vast array of high-quality products and services at our disposal.

Tradeline Financials - US Markets Staying Near Record Highs - Week 47, 2014

The US markets continue their strong run as the S&P 500 reaches another record breaking close.

The main index closed at 2,041.32, up just 0.07%. With substantial M&A action being released yesterday the markets were buoyed by this news and the prospects of further stimulus from the ECB in Europe.

Halliburton, the oil giant confirmed it will be purchasing Baker Hughes for roughly $35bn. The news helped Baker's shares rise over 8% during trading. The other major news was that Actavic PLC was to be buying Allergan, the Botox maker for a reported $65bn.

US indexes still remained relatively calm yesterday despite this news as later in the week will be release a whole range of economic data which will be a gauge as to whether the US economy has continued to expand and key figures on the employment market should shed some light on the current situation as the end of the year draws closer.

Major US Indices as of 17th November 2014:

Dow Jones - 17,647.75 (+0.07%)

S&P 500 - 2,041.32 (+0.07%)

NASDAQ - 4,671.00 (-0.37%)

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DISCLAIMER  The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Tradeline Financials. All market data within this release is for your general information and enjoys indicative status only. Tradeline Financials does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.