New York Report: Dow just short of 17,000 mark

WALL Street yesterday came within a whisker of 17,000 points and the S&P 500 broke yet another record, as manufacturing activity picked up in the US and Asia.

The Dow Jones industrial average rose 169.24 points or 1.01 per cent, to 16,995.84 and the S&P 500 gained 17.89 points or 0.91 per cent, to 1,978.12. The Nasdaq Composite added 61.24 points or 1.39 per cent, to 4,469.42.

Twitter shares jumped 3.6 per cent to $42.46 on news that a former Goldman Sachs executive, Anthony Noto, would become the company’s new chief financial officer while current CFO Mike Gupta would become senior vice-president of strategic investments.

Amicus Therapeutics shares rose 22.2 per cent to $4.08 after it said it was on track to report data from a late-stage trial of a genetic disorder drug, triggering speculation the data would be positive.