Dow Jones Industrial Average News
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March 8, 2013 - For many investors, the news that the Dow Jones Industrial Average is hitting records triggers what John Buckingham, chief investment officer at Al Frank Asset Management, calls "acrophobia" -- a fear of heights.
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U.S. stocks rose, pushing benchmark indexes to fresh records, as data showing weakness in manufacturing fueled bets the Federal Reserve will be in no hurry to scale back stimulus.
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Elliott Management Corp. built a $44.2 million position in JPMorgan Chase & Co. during the first quarter even as the hedge-fund company’s founder said it was impossible to determine how risky financial institutions are.
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Stocks rose, sending the Standard & Poor’s 500 Index to another record, as weakness in manufacturing and a drop in wholesale inflation fueled bets the Federal Reserve will be in no rush to scale back stimulus. The euro slid as the region’s recession deepened.
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West Texas Intermediate crude was little changed as equities gained on speculation of central-bank stimulus measures after economic reports from the U.S. and Europe missed forecasts.
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U.S. stocks rose, sending the Standard & Poor’s 500 Index to its eighth record high in the past nine sessions, on increased optimism over growth in the world’s largest economy.
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West Texas Intermediate crude fell for a fourth day, the longest stretch of declines this year, on forecasts that U.S. supplies climbed from an 82-year high.
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U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record for the eighth time in nine days, amid improving confidence in the world’s largest economy. Industrial metals fell on concern about China’s growth.
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The U.S. Supreme Court bolstered Monsanto Co.’s ability to control the use of its genetically modified seeds, ruling that companies can block efforts to circumvent patents on self-replicating technologies.
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Most U.S. stocks fell, after benchmark indexes climbed to record levels last week, even as government data showed retail sales unexpectedly rose in April.
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