The S&P 500 index showed 24 new 52-week highs and no new lows, while the Nasdaq recorded 47 new highs and 13 new lows. Citi shares were off 0.3 per cent, while Wells Fargo’s 1.8 per cent fall made it the biggest drag on the S&P 500. The index has been hitting new highs every day of the week and touched a record of 2,169.05 on Friday. Data showed China’s economy unexpectedly grew in the quarter, helping push world stocks to eight-month highs. Seven of the 10 major S&P indexes were higher, led by a 0.6 per cent rise in the healthcare sector.

Source: Mid-Day July 15, 2016 16:06 UTC