US STOCKS rose on yesterday, with both the Dow and S&P 500 ending at records, as data pointed to improving conditions in the American services sector, boosting cyclical stocks.
The Dow Jones industrial average rose 33.07 points, or 0.18 per cent, to 17,912.62, the S&P 500 gained 7.78 points, or 0.38 per cent, to 2,074.33 and the Nasdaq Composite added 18.66 points, or 0.39 per cent, to 4,774.47.
Cyclical stocks, tied to the pace of economic growth, led on the day, with industrials, materials and energy all up more than one per cent. Telecom, utilities and consumer staples declined; all are viewed as defensive plays.
Cimarex Energy was one of the S&P 500’s top gainers, up 5.1 per cent at $108.17. Diamond Offshore rose 3.6 per cent to $31.44.
After the bell, Aeropostale shares dropped six per cent to $3 after its third-quarter results.