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11.06.201401:04:50UTC+00Dow hits all time high as S&P breaks winning streak

Dow Jones Industrial Average closed at an all-time high as S&P 500 falls, breaking its four-day winning streak. Meanwhile, US stocks closed almost flat on Tuesday as utilities shares drop and 10-year Treasury notes bond reach this month's highest level.

The Dow Jones Industrial Average gained less than 0.1%, a 2.82 pip gain, negating an intraday loss in near the last hours of trading and continuing its four-day incline and finishing at a record 16,945.92, an all-time high. The S&P 500, however, had trouble keeping up the record as six of the ten primary sector of the index fell. The S&P 500 index dropped to 1, 950.79, a less than one point loss but a loss nonetheless. The New York market witnessed a 5.2billion shares exchange in the US. This was a 17% less than the three-month average.

Paypal head, David Marcus will be vacating his position to join Facebook Inc., bringing down Ebay Inc. shares down by 2.7% while Facebook. Inc gains its highest advance since march, 4.6%. A widening quarterly loss report for RadioShack Corp. has pulled down its shares by 10%. Molson Coors Brewing Co. with the biggest equity benchmark gain and Electronic Arts Inc. with an upcoming games release both increased with 5.4% to a record $70.71 and 2.3% to $35.70 respectively.

The S&P500 has gained a total of 7.4, recovering from a slump in April with data showing an injured US economy due to the severe weather experienced earlier this year. The S&P500's record showed a steady incline that spurted last week with the European Central Bank monetary policy rectifications and the positive US jobs data.



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