Stocks surge to new highs — again
So much for taking a break from the rally.
So much for taking a break from the rally.
Investors also pushed the S&P 500 to a new record. The broad index gained 0.5% to end at 1,625.96
The Dow delivered its ninth consecutive day of gains Wednesday — a rare feat for U.S. stocks.
The recovery in the housing market is driving a turnaround in the labor market as well.
On Monday U.S. stocks opened higher as investors saw signs of progress in resolving the fiscal cliff.
The Dow Jones Industrial Average and the S&P 500 recorded their worst weekly percentage drop since the week ending June 1.
Dour forecasts about Europe’s economic growth and a slowdown in Germany added more pressure.
The Dow and Nasdaq are poised to finish the short week of trading relatively unchanged while the S&P 500 was still slightly higher.
A sell-off on Wall Street gained momentum Tuesday, with the Dow Jones industrial average dropping 220 points after three Dow components issued disappointing earnings and forecasts.
The company made $340 million dollars in the third quarter, beating Wall Street’s expectations
Economic woes in Europe and the impact in the U.S.
Shares of the social media site plunged 11% in their second day of trading.
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