March 30, 2012 |
It might be safe to look at your 401(k) statement again. The Dow Jones industrial average and Standard & Poor's 500 index closed out their best first quarter since 1998. The run-up has sent nearly $1.85 trillion streaming back into stocks since January. The broad S&P 500 rocketed 12% higher during the quarter while the blue-chip Dow surged 8.14%. Technology stocks were even hotter: The Nasdaq composite gained nearly 19% in its strongest launch since 1991. Investors piled into the market amid signs the economic picture is brightening with solid job gains and improving consumer confidence.
February 24, 2012 |
The Dow Jones industrial average is making another run at closing above 13,000, a milestone that has not been reached since the start of the financial crisis four years ago. America's most-watched stock indicator popped above and below the level six times in the first few hours of trading Friday. The blue-chip index was most recently up 26.37 points, or 0.2%, at 13,010.08. The Dow is now up nearly 6.5% so far this year and has gained more than 1,000 points along the way. Broader stock indexes have also been on a blistering pace.
February 17, 2012 |
U.S. stocks rallied amid more evidence of a U.S. economic recovery and hopes of a new Greek bailout, sending the Dow Jones industrial average to one of its best days this year. The Dow rose to within 100 points of the psychologically important mark of 13,000, a level last reached in May 2008. Economic data released Thursday showed that the number of people filing for unemployment claims fell last week, while the number of homes under construction rose. The reports helped paint a more upbeat picture about the economy that put Wall Street in a buying mood.
February 13, 2012 |
Another morning of rising stock prices, another day of debating whether the recent stock rally has gone too far. Stocks have started the week on an up note thanks to the Greek Parliament's decision to move forward with a plan that will cut more from the budget in order to win the country more aid from the international community. The benchmark Standard & Poor's 500 index is up 0.6% or 7.23 points to 1,349.94 this morning. The rise comes after U.S. markets experienced their worst day of the year to close out last week.
December 2, 2011 |
Stocks rocketed to their strongest week in more than two years, and that's left many on Wall Street optimistic about a year-end rally. Investors pumped $1.1 trillion into U.S. stocks in the last week and brought the Dow Jones industrial average solidly into the black for the year, sharply rebounding from what had been a rocky November for global financial markets. Meanwhile, the Standard & Poor's 500 index and the technology-heavy Nasdaq composite are within striking distance of turning positive this year.
November 1, 2011 |
The stock market is beginning what is often its best two-month period of the year. But the bulls lost control on the last day of October. Equities tumbled worldwide on Halloween, denting the month's powerful advance, as worries about Europe's debt crisis flared again and the bankruptcy of brokerage MF Global Holdings Inc. rattled Wall Street. The dollar jumped as some investors sought the usual havens, and as Japan intervened in currency markets to try to beat back the yen from all-time highs.