The S&P 500 index closed at a record high on Friday, after a ceasefire agreement between Russia and Ukraine, and progress on a greek debt deal. Bobbi Rebell reports.
They gain momentum driving stocks on Friday the Dow closing above 181000. The S&P 500 hitting new all time high and the NASDAQ and other fifteen year high all around good week for the equity markets. Rich crude topped the sixty dollar a barrel mark for the first time this year. Investors that they deeper spending cuts that could excess supply driving up shares of oil drillers like Schlumberger Halliburton Transocean and Baker Hughes. Kept. Quarter for food companies started with a shake up at Kraft. It's CFO is leaving her role in Chile senior executives are leaving the company. The announcement came as a maker of jello and planters nuts reported a net loss in the latest quarter its stock fell. Can never foods slashed its profit forecast shares fell as the maker of chef clarity pasta and slim Jim jerky. Blamed the stronger dollar and weak sales in its private brand for the shortfall. And phone sales of Folgers Coffee hurt sales and profits at JM Smucker. And it doesn't see coffee perking up either warning of weaker sales for the fiscal year ending April. Groupon shares shot higher after that company said several parties expressed interest in buying its Korean subsidiary. Ticket monster the online commerce company's quarterly sales rose sharply. But its forecast for the current quarter fell shy of analysts' estimates. In economic news consumer sentiment fell much more than expected this month and it concerns about wage growth. And import prices fell by the most in six years last month. Lifted stocks over in Europe much stronger than expected German GDP growth. And investors' hopes that Greece will be able to reach a deal with its creditors next week.