[Chart courtesy of MarketWatch.com] Moving the Markets Despite IBM being a drag on the Dow (about -47 points), and the Transportation index (IYT) stumbling for the third day in a row, its biggest drop in 2 months, all three major indexes were able to march into record territory on low volume and no earthshaking news. Helping the bullish cause were …
A Split Market: Dow Hits Record High, Nasdaq Dumps, Bond Bloodbath Continues
[Chart courtesy of MarketWatch.com] Moving the Markets It was a market of extremes. While the Dow managed to hit an all-time high, powered predominantly by only 4 stocks in its index, the Nasdaq headed south while the S&P meandered but managed to close in the green by +0.20%. Emerging markets (ILF) got pounded at the rate of -7.17% while bonds …