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Stocks hit new all-time highs (SPY, SPX, DJI, IXIC, USD, DXY, YUM, DAL, USO, WTI, OIL)

Published by Business Insider on Thu, 14 Jul 2016

Stocks hit new all-time highs again on Thursday as they rallied for afifth straight day.At 9:33 a.m. ET, the Dow is up 130points (0.71%) to 18,502.41, the S&P 500 is up 13points (0.65%) to 2,166.40new intra-day highs. The Nasdaq is up 35 points (0.71%.)The indexes are extending a rally that gained speed on Friday after the June jobs report showed that the economy added many more jobs than expected. Globally, sentiment has been improved by the prospects of fresh fiscal stimulus in Japan that could lift itseconomy.We got more strong data on the labor market on Thursday. The Labor Department reported that initial jobless claims rose by 254,000 last week, lower thanthe forecast for 265,000.And, the producer price index for final demand rose 0.5%, more than expected.In earnings, JP Morganreported second-quarter earningsthat beat on the top and bottom lines.Yum Brands reported after the market close on Wednesday, beating on earnings and raising its guidance for full-year operating-profit growth. Its shares rose 4% pre-market.And, Delta said it would reduceroutes between the UK and the USfollowing the pound's steep drop after the UK referendum. The company topped forecasts for earnings but missed slightly on revenues.Crude oil is higher, after a more than 4% drop on Wednesday that followed news of abuild in gasoline inventories whichoutweighed a drop in crude inventories last week. West Texas Intermediate crude oil futures in New York are up 1.8% to $45.59 per barrel.SEE ALSO:The Japanese yen is tankingJoin the conversation about this storyNOW WATCH: Watch Hillary's brutal attack ad showing children watching Trump's controversial statements
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