Media

Reuters


Wall Street inches up to new highs; transports jump

(Reuters) – U.S. stocks rose slightly in late afternoon on Monday, lifting the Dow and S&P 500 to intraday highs after the indexes advanced for a third straight week, helped by transportation shares.

“We’re making new highs, volatility is low and that suggests investors are complacent enough to buy stocks at those highs. Interest rates are still low, oil prices are low and everything looks conducive to more strength between now and the end of the year,” said John Kosar, director of research with Asbury Research in Chicago.

Asbury Research subscribers can view our latest research by clicking here.