19 Nov 2013

New records set by Dow and S&P 500

8:50 am on 19 November 2013

The Dow Jones and S&P 500 indexes rose to new records on Monday, fuelled by a wave of new Boeing plane orders.

The Dow rose above 16,000 points for the first time and S&P's 500 index passed through 1,800.

The BBC reports traders are optimistic about the prospect of the Federal Reserve continuing its cheap money policy.

Boeing shares jumped 2.1% after it received $US95 billion in orders from Emirates and Etihad airlines on the first day of the Dubai Air Show.

The FTSE index in London also rose by 0.45%, the DAX in Frankfurt was up 0.62% and the CAC-40 in Paris was up 0.6%.

China's Shanghai Composite rose by 2.9% and Hong Kong's Hang Seng index climbed 2.7%. The Australian 200 Index closed down 0.33% at 5385.

Brent crude oil was flat at $US10871 per barrel and gold was trading at $1273 per ounce.