Market roundup for Aug. 17 – Caribbean Business

SAN JUAN – The US stock market closed significantly higher Monday; except the Dow Jones, which ended lower.

We continue to watch the S&P 500, which closed 4.01 points shy of its record high of 3,386 in February. The market rise is in part due to Chinese equities rallying in reacting to stimulus measures directed to the world’s second-largest economy. Additionally, the Nasdaq Composite, which has been setting new highs for the past two months, set another record Monday by rising 1%.

Meanwhile, another record was broken by the National Association of Home Builders / Wells Fargo Housing Market Index climbed to 78 points from 72 last month, an 8.33% increase that ties the highest level ever.

On to markets. [19659007] The Dow Jones Industrial Average closed at 27,844.91, down 86.11 points, or 0.31%.

• The US Treasury 10-year note closed lower, at 0.69%.
• The U.S. Treasury 2-year note closed flat, at 0.14%.