US stocks sustain gains, DOW ends above 43K for first time

US stocks continued to stay supported yesterday after a strong upward move on Friday. Dow as well as S&P 500 reached record highs and the major averages too moved higher. The Dow rose 201.36 points (0.5%) to 43,065.22, the Nasdaq jumped 159.75 points (0.9%) to 18,502.69 and the S&P 500 climbed 44.82 points (0.8%) to 5,859.85. Markets remained broadly focused US monetary policy trajectory after latest inflation figures. According to a Labor Department report on Friday, the US producer prices were unchanged whereas the annual rate price growth lowed modestly. US stocks sustained their upmove with the DOW ending above 43000 mark for the first time in history. The index is up around 3.5% over last one month.