Stocks up again as Wall St hits another record high

THE Straits Times Index managed a fourth consecutive rise yesterday after Wall Street hit yet another all-time high.

For the S&P 500, its 0.5 per cent rise to 1,827.99 on Monday was its 42nd record close for 2013. In the case of the STI, its 11.07-point rise to 3,127.29 cut its loss for the year to 40 points or 1.3 per cent.

Since the US Federal Reserve surprised …