[Chart courtesy of MarketWatch.com] US indexes continued their upward momentum with the Dow Industrials closing at a new record high as the number of Americans who filed for unemployment benefits fell to a six-week low, showing further improvement in the labor market. Ahead of Thursday’s open, the Labor Department said initial applications for unemployment benefits fell unexpectedly to 340,000 last …
Dow Industrials Extend Record High On Jobs Data; Europe Retreats From 4 ½ Year High
[Chart courtesy of MarketWatch.com] US indexes finished mostly higher with the Dow Jones Industrial Average extending its record high after a private report showed companies hired more workers than forecast and the Federal Reserve said the economy is growing. Ahead of the opening bell, a report by Automatic Data Processing Inc. showed US companies added 198,000 workers in February, exceeding …
7 ETF Model Portfolios You Can Use – Updated through 3/5/2013
After the previous week’s knockdown, it was up, up and away as the reasons for the pullback vanished into thin air with the S&P 500 adding some +2.9% recouping all losses and then some. The Dow finally took out its 2007 high, which I commented on yesterday. It seems like it’s a one way street into bubble territory with equities …
Heading Into Bubble Territory; Dow Hits Record High After Services Index Rise; Europe Rallies
[Chart courtesy of MarketWatch.com] The Dow Jones Industrial Average jumped to a new high Tuesday, trimming losses from the financial crisis after a four-year rally, fueled by monetary stimulus from the Federal Reserve and alleged indications of an improving economy. Equities extended their gains after the Institute for Supply Management’s index for non-manufacturing activity rose to 56 percent from 55.2 …
03-05-2013
The ETF/No Load Fund Tracker—Monthly Review—February 28, 2013 US Equities Advance In February; Europe Rises For The Ninth Straight Month Major US equity averages added more than one percent in February with the Dow Jones Industrial Average and S&P 500 coming close to their all time highs as markets turned choppy toward the end of the month on mixed …
Dow Heads Closer To Record High; Europe Retreats On China
[Chart courtesy of MarketWatch.com] US stocks ended higher with the Dow Jones Industrial Average rising to its highest level since 2007, as speculation the Federal Reserve will continue expansionary policies offset concern over spending cuts and China’s economy. Markets were hit by headwinds from China earlier where authorities announced new-property buying restrictions Friday, ostensibly to prevent formation of asset bubbles. …