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.
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.
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.
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.
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.