U.S. Stocks Edge Up Following Dow's Record Day
Stock futures are rising ahead of new jobs and manufacturing data expected to show that companies continue to bring more workers on board and businesses are ramping up factory orders to meet demand.
Stock futures are rising ahead of new jobs and manufacturing data expected to show that companies continue to bring more workers on board and businesses are ramping up factory orders to meet demand.
The Dow is closing at a record, beating the previous high it set in October 2007, before the financial crisis and the Great Recession. The Dow Jones industrial average rose 126 points, or 1 percent, to 14,253 Tuesday, beating its previous record by 89 points.
World stock markets rose Tuesday as investors applauded China's pledge to stick to economic growth targets for its economy, the world's second largest. Outgoing Premier Wen Jiabao said the government would spend what it needs to meet the target of 7.5 percent enshrined in the latest five-year development plan.
A federal jury on Thursday found sports programmer ESPN liable for only one breach-of-contract claim made by Dish Network Corp and awarded Dish $4.86 million, a mere fraction of the more than $152 million it had sought.
A rally is losing steam on Wall Street as indexes inch higher following two days of triple-digit gains.The Dow Jones industrial average was up 16 points at 14,091 at midday. It's just 73 points below the record high it reached in October 2007.
Stocks are closing sharply higher for a second day as evidence mounts that the housing market is making a comeback. The Dow Jones industrial average jumped 175 points to 14,075, its highest close of the year. It's up nearly 300 points over the past two days, putting it within 100 points of its record high reached in October 2007.
Stocks are edging higher in early trading on Wall Street after a report showed that the U.S. trade deficit narrowed sharply in December, to $38.6 billion -- the smallest it's been in nearly three years.
The Dow stock market index closed above 14,000 for the first time since before the financial crisis rocked the world economy. Propelled by strong auto sales and optimism about U.S. jobs, the Dow Jones industrial average crossed the line early Friday and continued flirting with the mark all day.
Evidence that the U.S. economic recovery is firmly on track drove markets higher on Friday, adding to the cheer from good economic indicators out of Europe. The Dow traded momentarily above 14,000 for the first time since October 2007.
U.S. stocks are flirting with all-time highs, climbing to heights not seen since before the financial crisis. Both the Dow and the S&P 500 have risen to their highest levels since October 2007. But stock prices cannot go up forever, and some analysts warn that the bull market is nearing an end, just as investors are returning.
Pfizer helped keep the stock market rally alive Tuesday. The drugmaker's stock gained after posting strong earnings, pushing the Dow closer to 14,000. The Standard and Poor's 500 also rose, adding eight points to 1,507.84 points. The Nasdaq composite dropped less than a point to 3,153.66.
Microsoft quarterly profit edged lower as Office software sales slowed ahead of a new launch, offsetting a solid but unspectacular start for its Windows 8 operating system and sending the company's shares down 1.4 percent.
Strong earnings from tech giants nudged the stock market to a five-year high Wednesday. Investors drew encouragement from a vote by the House of Representatives to let the government keep paying all of its bills for another four months.
Strong earnings reports from big U.S. companies helped push the Dow Jones industrial average to its eighth gain in nine sessions Tuesday. DuPont, Verizon and Travelers Cos., three of the 30 stocks that make up the Dow, closed higher after reporting their financial results for the final quarter of 2012.
U.S. stock index futures slipped on Wednesday with shares of Boeing set to weigh on the market after two Japanese airlines grounded their Dreamliner fleets. JPMorgan Chase & Co said fourth-quarter net income jumped 53 percent and earnings for 2012 set a record, while earnings at Goldman Sachs nearly tripled.














