US STOCKS-Dow, S&P 500 end at record highs; transports jump

lunes 10 de noviembre de 2014 17:44 GYT
 

* Dow transportation average hits new high; oil extends fall

* Cable companies fall after Obama net neutrality statement

* Indexes up: Dow 0.2 pct, S&P 0.3 pct, Nasdaq 0.4 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, Nov 10 (Reuters) - The Dow and S&P 500 extended their run of record high closes for a fourth session on Monday, led by transportation and healthcare shares.

The Dow Jones transportation average jumped 1.3 percent, also closing at a record high, led by railroads and airlines. Union Pacific rose 1.8 percent to $120.90, among the top gainers on the S&P 500, while JetBlue jumped 4.2 percent to $13.09.

Results late Friday from Berkshire Hathaway showed profit from the BNSF railroad rose about 5 percent. Berkshire's Class B shares added 1 percent to $145.05.

Oil prices extended recent losses, with U.S. crude below $78 a barrel, helping airlines and some consumer names.

"We're making new highs, volatility is low and that suggests investors are complacent enough to buy stocks at those highs. Interest rates are still low, oil prices are low and everything looks conducive to more strength between now and the end of the year," said John Kosar, director of research with Asbury Research in Chicago.   Continuación...