Gain in Home Prices Lifts Stocks: Dow at New Record, S&P Near High
The Standard & Poor's 500 index closed within a point of its all-time high after another strong report on housing encouraged investors to buy stocks.
The Standard & Poor's 500 index closed within a point of its all-time high after another strong report on housing encouraged investors to buy stocks.
It's impossible to predict how the Dow Jones industrial Average will move next. But we can look at the previous times the Dow hit record highs to see what followed.
Wall Street rose modestly on Monday, lifting the Dow to another record and giving the S&P 500 its seventh straight advance as early weakness enticed buyers. The gains briefly lifted the benchmark S&P 500 index to its highest intraday level since October 2007.
U.S. stock futures are heading higher for the third straight day with a raft of economic indicators on tap, ranging from jobs and consumer debt, to productivity and international trade.
The past 36 hours should have been a moment of unbridled celebration for cheerleaders of American capitalism, as the Dow Jones Industrial Average had two successive record-breaking closes, and Hugo Chávez died after a two-year illness.
After barreling through a record the day before, the Dow Jones industrial average meandered higher on Wednesday. The DJIA edged up 42.47 points to close at 14,296.24. An encouraging job-market report helped nudge the stock market up and pushed bond prices lower. The question now is, how much longer can it keep climbing?
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.
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.








