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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.

Dow Jones Industrial Average

October 17, 2011 by · Comments Off on Dow Jones Industrial Average 

Dow Jones Industrial AverageDow Jones Industrial Average, The Dow Jones Industrial Average and Nasdaq moved in positive territory for the year.

U.S. stock indexes ended with strong gains on Friday as investors welcomed strong earnings from Google and better than expected retail sales data.

The Dow Jones Industrial Average and Nasdaq moved in positive territory for the year. The S & P 500 came close to emulating them. On the other hand, the Dow Jones capped his week-long streak in six months.

The Dow Jones rose 166.36 points, or 1.5%, to close at 11,644.49. The blue-chip index advanced 4.9% in the week, scoring his third consecutive weekly gain.

The S & P 500 gained 20.92 points, or 1.7%, to close at 1224.58, with energy companies, natural resources and technology leader in earnings among 10 industry groups.

Counting a second weekly gain, the S & P 500 rose 6% in the week, its biggest weekly rise since July 2009.

The Nasdaq composite index 47.61 points, or 1.8%, to close at 2667.85. 7.6% was recovered in the week.

Year to date, the Nasdaq 0.6%. It was the biggest weekly gain in the Nasdaq since March 2009.

Volume was light. For every action down more than five rose in the New York Stock Exchange, where 847 million shares traded, volume consisting approached 3.7 billion shares.

The dollar fell against the euro and British pound, but gained against the Japanese yen.

Oil for November delivery added 3.08 to 87.31 and and barrel.

Gold futures for December delivery gained 13.50 to 1682.00 and and ounce.

The price of U.S. Treasuries to 10 years declined slightly, pushing the yield up to 2.3%.

In Paris, the finance ministers and central bankers from the Group of 20 began discussions on debt problems in Europe, with reports officials think of writing as much as 50% of Greek bonds.

On Thursday, Slovakia became the last of the 17 eurozone countries to approve a plan to expand the powers of a bailout fund for troubled banks and European governments.

This development pushed European shares higher on Friday.

Investors seemed largely ignored degrade Standard & Poors night in Spain’s credit rating.

Treasury Secretary Timothy Geithner reiterated U.S. support to help Europe meet its sovereign debt crisis.

U.S. stocks erased some of their profits after the Thomson Reuters / University of Michigan preliminary consumer sentiment fell to 57.5 in October from 59.4 in September.

Meanwhile, the Commerce Department reported a 1.1% increase in retail sales in September, the largest increase since February after a 0.3% in August, with the latter figure revised up from the previous estimate.

The Bureau of Labor Statistics reported export prices rose 0.4% and import prices rose 0.3% in September.

Google shares rallied 5.9% a day after reporting better than expected sales for the third quarter.

Thousands of customers lined up outside Apple stores waiting to become one of the first iPhone buyers 4s. Apple shares rose.

Before the opening of the market, Mattel reported strong sales of Barbie dolls, which helped boost revenue than expected in the third quarter.

Dow Jones Industrial Average

August 8, 2011 by · Comments Off on Dow Jones Industrial Average 

Dow Jones Industrial AverageDow Jones Industrial Average, The Dow Jones industrial average fell sharply during the first hour of trading Monday as investors reacted to the downgrade of U.S. credit.

Standard and Poor’s decided to cut the credit rating of U.S. AAA to AA + on the weekend, the issues concerning the country’s ability to pay its huge debt arose. Lawmakers have tried to initiate a viable plan to reduce the national debt, which has affected both U.S. and global markets.

Before the Dow Jones industrial average fell 380 points this morning, Asian and European markets had experienced significant losses. The Washington Times reports that these losses are due to “lack of confidence in the U.S. government,” said Nigel Gault, chief U.S. economist IHS Global Insight. “The U.S. political process is currently unable to offer a long term solution to stabilize the debt,” he said.

Global investors fear that the United States, the world’s largest economy could fall into a “double-dip recession,” the Washington Times. As a result, the stock market is experiencing its worst loss in over two years.

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