Money Minute: What's Next for the Dow? Pangs End for 'Hunger Games' Fans

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Is the Dow's rise above 16,000 the beginning or the end?

It took the Dow Jones industrial average just 139 days to climb from 15,000 to 16,000. The big question for investors is: Does that signal the start of a new round of buying or the end of the rally?

Dow Milestones: What's Next
March 1999 10,000 Up 8.7%
May 1999 11,000 Down 3.2%
Oct. 2006 12,000 Up 2.5%
April 2007 13,000 Up 3.7%
July 2007 14,000 Down 6.3%
May 2013 15,000 Up 1.3%

The WSJ Market Data Group tells us that in the month after topping other milestone levels since 1999, we've seen the Dow continue to gain four times, and lose ground on two occasions.

What do the pros say? Basically, anything you want to hear. Some predict the Dow will rise to 20,000. Others say we're in another bubble that's about the burst.

Wall Street
Richard Drew/AP
The Dow (^DJI) rallied 109 points Thursday, closing at 16,010. The Standard & Poor's 500 index (^GPSC) gained 14 points and the Nasdaq composite index (^IXIC) rose 48.

UPS (UPS) says it will raise most rates by nearly 5 percent. That applies to ground delivery of packages as well as some air and international service.

Microsoft (MSFT) first new Xbox video game console in eight years is now on sale. It's designed to be more than a game player by connecting with your cable box to enhance TV viewing and other entertainment options. It costs nearly $500. That's $100 more than Sony's (SNE) PlayStation4, which sold more than 1 million units when it debuted last Friday.

"The Hunger Games" movie sequel also debuts Friday, and it's expected to ring up big box-office sales for Lions Gate Entertainment (LGF). The movie will be seen in 65 countries, including China. The original "Hunger Games" movie took in nearly $700 million in ticket sales.

And Pandora Media (P) may be hitting a sour note with investors. The music streaming service is set to decline even though earnings met expectations. But Pandora rival Spotify raised $250 million in new financing that will allow it to expand into new markets. That will add competitive pressure to Pandora.

-Produced by Drew Trachtenberg.


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7 Comments

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WILLS

I suspect it will top between 16.2-16.4 and remain at those levels until mid Jan. Somewhere between there and mid Feb will determine what direction is to come. Personally, I feel that there will be a good sized \"correction\" and that it\'s going to be a bit more than 10%. There are some that say that there is a \"bubble\", but I don\'t agree with that. My thoughts are purely on what drives the place - profit, and to those that have been paying attention you should know that while profits are up, revenue and wages have been down and flat. In order to keep profit up most have resorted to reducing their work force and held raises down. Consumer economies can\'t continue with this type of thinking and holiday spending and the temp jobs it creates will tell the tale. If the figures are lousy, the market runs.

November 22 2013 at 3:21 PM Report abuse rate up rate down Reply
SNUFFY

Hmmmmmm the 85 billion in taxpayer money thats being pumped into the market every month is making the rich richer...good going Obama, nice way to collapse a country.....

November 22 2013 at 1:11 PM Report abuse +2 rate up rate down Reply
1 reply to SNUFFY's comment
willypfistergash

It\'s good for 401ks as well, yes? Not to mention many private and public sector pension funds are invested in these markets.

November 22 2013 at 1:50 PM Report abuse rate up rate down Reply
Richard

Hunger Games!! Idiotic! Just kill and you will be okay!

November 22 2013 at 12:32 PM Report abuse -1 rate up rate down Reply
Teddy

Of course, things look really rosey, prompting optimistic shoppers to spend spend spend. Watch the proverbial "Lucy" snatch that football away from you again, good ole Charley Brown.

November 22 2013 at 9:38 AM Report abuse +2 rate up rate down Reply
1 reply to Teddy's comment
willypfistergash

Lucy snatch?

November 22 2013 at 12:30 PM Report abuse rate up rate down Reply
rkeeeballs

YEEEEHawwwwwww !...diversify ....spread it out....quality issues only !...$

November 22 2013 at 9:28 AM Report abuse rate up rate down Reply