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Title: Dow, Nasdaq and S&P 500 Near 18-Months High
Source:
CNN
URL Source: [None]
Published: Mar 23, 2010
Author: By, Alexandra Twin
Post Date: 2010-03-23 15:31:13 by Brian S
Keywords: None
Views: 576
Comments: 4
March 23, 2010: 2:05 PM ET NEW YORK (CNNMoney.com) -- Stocks rallied Tuesday, with the Dow, Nasdaq and S&P 500 hitting new 18-month highs following the release of a better-than-expected existing home sales report. The Dow Jones industrial average (INDU) rose 47 points, or 0.4%, with over two hours left in the session. The S&P 500 index (SPX) gained 2 points or 0.2%. The Nasdaq composite (COMP) rose 6 points or Stocks initially struggled out of the gate Tuesday but turned higher following the release of the housing report, which showed existing home sales fell in February from January levels, but still topped estimates. The report was consistent with other recent readings that show the economy is improving, but at a slow pace. Investors are looking for signs of increased growth in the aftermath of a rally that pushed the Dow 65% off its lows of a year ago to 2010 highs hit on Monday. In that same period, the S&P 500 has gained 72% and the Nasdaq has gained 89%. Stocks have steadily drifted higher over the last month or so after sliding between mid-January and early February.
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#1. To: Brian S (#0)
Frankly, I just sold my broad based equity fund...staying in energy, health and science and nano...
Day 30 of Packrat refusing to register here. Day 28 of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
Yep...watch what happens in the fourth quarter.
my anti groupie can't get through life without me.
I don't follow the market that closely, but I have noticed one thing: Every time the market goes up, the price of crude oil seems to go up too. Assuming the price of energy to the end user follows (a fair assumption, don't you think?), what effect will that have on the economy given that transportation costs get passed on to everyone?
Obammy sez it Gee...why would speculation on increased economic activity increase the price of commodities?
Day 30 of Packrat refusing to register here. Day 28 of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
#2. To: Brian S (#0)
#3. To: Brian S (#0)
I believes it
an' that settles it!
#4. To: Get Outta Dodge! (#3)
Every time the market goes up, the price of crude oil seems to go up too.
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