Top

Dow Jones Industrial Average

March 1, 2012 by · Comments Off on Dow Jones Industrial Average 

Dow Jones Industrial Average, Now that the Dow Jones industrial average has closed above 13,000, an all-time high is in sight – just 1,160 points away. But the path won’t be smooth for the stock market or the economy.

The Dow’s final push above the milestone came from a report that Americans feel better about the economy than they have in a year.

But other economic data Tuesday were more grim: Orders for big-ticket factory goods dropped by the most in three years, mainly because the government withdrew a key tax subsidy. And home prices are stuck at 2002 levels.

“I don’t think 13,000 guarantees 14,000,” said John Manley, chief equity strategist for the Wells Fargo funds group. “I do think there still is a lot of skepticism about the short term.”

Market futures were up early Wednesday. Dow Jones industrial average futures added 20 points. Standard & Poor’s futures gained three points, and Nasdaq composite futures rose six points. Markets were also higher in Europe, following gains in Asia.

The next big test comes March 9, when the government releases the number of jobs added by the country in February and updates the unemployment rate.

For a day, though, Wall Street could savor something it hadn’t seen since May 2008, before the bailouts, bank failures and millions of layoffs of the Great Recession – Dow 13,000.

The Dow last closed above 13,000 on May 19, 2008, almost four months before the fall of the Lehman Brothers investment bank triggered the worst of the financial crisis.

Dow Jones Industrial Average

January 24, 2012 by · Comments Off on Dow Jones Industrial Average 

Dow Jones Industrial Average, Investors were hoping to see the positive stock market trends continue during the opening session in the U.S. So far this year, the DJIA, as well as the Nasdaq and the S&P 500 are positive.

All three indices climbed higher over the course of last week as well. The positive index movement did not continue during the opening trading session this week however. All three indices were posting red as of the halfway point in the session today and were not able to fully recover.

No major economic news was scheduled for the opening session in the U.S. today and thus investors’ thoughts were focused more on the eurozone debt crisis. Jitters relating to the debt crisis, and the Greek debt talks that transpired during the last session, added weight and pushed index trend-lines lower. Ultimately, the primary indices in the U.S. finished off the session mixed. The DJIA and Nasdaq were negative and the S&P 500 finished the day on he positive side of break-even.

Bottom