Stock exchanges keep reaching new highs

By scott miller

In a quiet week — the July 22 trading volume was the year’s lowest — the S&P 500 and the Dow Jones Industrial Average meandered, driven mostly by second-quarter earnings news, on the way to finishing in the black for the fourth week straight. The S&P 500 gained 0.6 percent and the DJIA 0.3 percent. Along the way, both indexes reached new highs twice, and have done so in seven of the last 10 trading sessions. The yield on the 10-year Treasury, meanwhile, rose slightly, but remained near its low watermark for the year, closing at 1.568 percent on Friday.With …

Source:: Vail Daily Feed