MarketWrap: The S&P 500 and Nasdaq hit record closing highs on Thursday, with the market propped up by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers. The DJIA rose 70.53 points, or 0.34%, to 21,082.95, the S&P 500 gained 10.68 points, or 0.44%, to 2,415.07 and the Nasdaq added 42.23 points, or 0.69%, to 6,205.26. - Reuters
Energy
Oil prices tumbled 5% on Thursday as the extension of output curbs by Opec and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March. Brent crude oil LCOc1 settled down US$2.50, or 4.6% at US$51.46 a barrel. - Reuters
Forex summary
*The ringgit gained 0.07% to 4.2762 versus the US$
*It gained 0.49% to 4.7843 versus euro
*Up 0.79% to 5.5058 per pound sterling
*Up 0.15% to 3.0851 per Singapore dollar
*Up 0.50% to 3.1800 per Aussie
*Down 0.06% to 3.8283 per 100 yen
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