US: S&P 500 finishes just shy of 5,000 points after latest push

His response differed slightly from Kawhi Leonard

THE S&P 500 flirted with a landmark new peak on Thursday, but finished just shy of 5,000 points following another round of solid earnings.

Shares of Disney rocketed up 11.5 per cent as the entertainment giant reported better-than-expected profits, disclosed it is buying a stake in Fortnite maker Epic Games and announced a dividend hike and new share repurchase programme.

The S&P 500 got to within less than a half point of 5,000 before retreating.

The broad-based index ended at 4,997.91, up 0.1 per cent.

The Dow Jones Industrial Average also edged up 0.1 per cent to 38,726.33, while the tech-rich Nasdaq Composite Index advanced 0.2 per cent to 15,793.72.

Angelo Kourkafas of Edward Jones said next week’s consumer price index report could be the catalyst that lifts the S&P 500 above the 5,000-point threshold.

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