Reuters - Video

Edition: US | UK | IN | CN | JP

video Finance Videos

Stocks start week with record setting session

Monday, August 15, 2016 - 01:29

U.S. stocks rose to all-time highs again on Monday, extending their climb of the past few weeks. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

Stock indexes at record highs as oil prices rise more than two percent. The Philadelphia semiconductor index hitting a 16-year high. Strong economic data, upbeat corporate earnings, and low interest rates continue to boost interest in U.S. equities. David Schiegoleit of U.S. Bank (SOUNDBITE) DAVID SCHIEGOLEIT, MANAGING DIRECTOR OF INVESTMENTS, THE PRIVATE CLIENT RESERVE OF U.S. BANK, (ENGLISH) SAYING: "This most recent run up we've seen over the past few weeks is in anticipation of a return to positive earnings growth. The problem is that really needs to happen now for the market to justify these lofty valuations." New data showing home builders are feeling more confident about the housing market. The National Association of Home Builders/Wells Fargo builder sentiment index rose to 60, matching the second-highest level of the year. Tesla removed the word "autopilot" from its China website after a driver in Beijing, who crashed in that mode, complained the automaker overplayed the function's capability, and misled buyers. Domino's Pizza getting a little bit healthier. The company has started selling salads nationwide but did not say how much revenue it expects from those sales. Shares of Post Properties hitting a new high on news the multifamily apartment real estate trust will be bought by Mid-America Apartment Communities for $3.88 billion. In Europe, stocks touched seven-week highs with the major country indexes closing mostly higher.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Stocks start week with record setting session

Monday, August 15, 2016 - 01:29