Blue-chips rallied once again today, with the Dow Jones Industrial Average posting yet another all-time high, closing at 14,296.24 after briefly crossing over 14,300. Pushing equities higher was a better-than-expected labor report, which showed that private sector employment jumped by 198,000 in February compared to the expected 170,000 uptick. Meanwhile, the Commerce Department reported that factory orders fell 2% in January, citing weak demand for transportation equipment. In a separate report, weekly mortgage applications also came in above expectations, jumping 14.8% last week to its highest level since mid-January [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Blue-chips Post Another Record Close Following several better-than-expected economic reports, only two major U.S. equity indexes managed to close in positive territory today. The Dow Jones Industrial Average ETF logged in a 0.35% gain, as its underlying index rallied to close at a record high of 14,296.24. The S&P 500 ETF rose 0.14%, while the [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Dow Closes At All-time High Daily ETF Roundup: Stocks Shrugg Off Sequester Daily ETF Roundup: Early Morning Rally Sizzles, Stocks Close In Red Daily ETF Roundup: Housing Data Brings Back The Bulls Daily ETF Roundup: Stocks Rebound
Blue-chips rallied once again today, with the Dow Jones Industrial Average posting yet another all-time high, closing at 14,296.24 after briefly crossing over 14,300. Pushing equities higher was a better-than-expected labor report, which showed that private sector employment jumped by 198,000 in February compared to the expected 170,000 uptick. Meanwhile, the Commerce Department reported that factory orders fell 2% in January, citing weak demand for transportation equipment. In a separate report, weekly mortgage applications also came in above expectations, jumping 14.8% last week to its highest level since mid-January [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Blue-chips Post Another Record Close Following several better-than-expected economic reports, only two major U.S. equity indexes managed to close in positive territory today. The Dow Jones Industrial Average ETF logged in a 0.35% gain, as its underlying index rallied to close at a record high of 14,296.24. The S&P 500 ETF rose 0.14%, while the [...]
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