US STOCKS-Three major indexes end at records for 1st time since 1999

jueves 11 de agosto de 2016 18:24 GYT
 

* Macy's, Kohl's top percentage gainers on S&P 500 index

* Oil jumps 5 percent after Saudi minister comment, IEA forecast

* Indexes end up: Dow 0.64 percent, S&P 0.47 percent, Nasdaq 0.46 percent (Updates close with details on record highs)

By Noel Randewich

Aug 11 (Reuters) - All three major U.S. stock indexes closed at record highs on Thursday for the first time since 1999 as surging oil prices and strong earnings from department stores Macy's and Kohl's buoyed investor sentiment.

It was the first time since Dec. 31, 1999 that the S&P 500, Dow Jones industrial average and Nasdaq had closed at record highs on the same day, according to Bespoke Investment Group.

Crude oil jumped as much as 5 percent on comments from the Saudi oil minister about potential action to stabilize prices and an International Energy Agency forecast that crude oil markets would rebalance in the next few months.

The S&P energy index rallied 1.3 percent, making it the top gainer among the 10 major sectors, led by a 1.26 percent rise in Chevron.

Macy's shares soared 17.09 percent, marking the best day for the department store operator in nearly eight years after it reported a smaller-than-expected drop in quarterly comparable-store sales and said it would close 100 stores.   Continuación...