S&P 500 at Record as Yen Slips to 7-Year Low; Brent Sinks
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U.S. stock indexes held at record highs as the yen slipped to a seven-year low versus the dollar, while Brent crude oil sank to its lowest level since 2010. European stocks rose amid better-than-estimated earnings.
The Standard & Poor’s 500 Index ended the U.S. day up 0.1 percent at a fresh high of 2,039.68, and the Dow Jones Industrial Average closed little changed at 17,614.90. The Stoxx Europe 600 Index advanced 0.4 percent in a second day of gains. The yen slid after the Yomiuri newspaper said Prime Minister Shinzo Abe may call a snap election if he scraps a planned sales-tax increase. Brent slipped 0.8 percent to $81.67 a barrel and Russia’s ruble retreated after two days of gains.