Bullish momentum returned on Wall Street, with the Dow Jones Industrial Average logging its first 10th-straight winning streak since 1996 and the S&P 500 closing just shy of its all-time closing high. Bolstering equities, the Labor Department reported that the number of U.S. workers filing new applications for jobless benefits fell to 332,000 last week, greatly surpassing economists’ expectations. U.S. wholesale prices as well as the producer-price index were reported to have risen in February. In a separate report, the U.S. current account deficit contracted slightly in the fourth quarter of 2012 [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Dow Sets Yet Another Record Following a better-than-expected labor report, all three major U.S. equity indexes rallied to close in positive territory. The Dow Jones Industrial Average ETF rose 0.60% higher, as its underlying index logged another all time close at 14,539.14. The S&P 500 ETF gained 0.53%, while the tech-heavy Nasdaq ETF [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Dow Posts First 9-Day Win Streak Since 1996 Daily ETF Roundup: S&P Snaps 7-Day Win Streak Daily ETF Roundup: Stocks Higher Despite Disappointing Chinese Data Daily ETF Roundup: Historic Week Finishes On Upbeat Labor Data Daily ETF Roundup: Dow Closes Above 14,300
Bullish momentum returned on Wall Street, with the Dow Jones Industrial Average logging its first 10th-straight winning streak since 1996 and the S&P 500 closing just shy of its all-time closing high. Bolstering equities, the Labor Department reported that the number of U.S. workers filing new applications for jobless benefits fell to 332,000 last week, greatly surpassing economists’ expectations. U.S. wholesale prices as well as the producer-price index were reported to have risen in February. In a separate report, the U.S. current account deficit contracted slightly in the fourth quarter of 2012 [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Dow Sets Yet Another Record Following a better-than-expected labor report, all three major U.S. equity indexes rallied to close in positive territory. The Dow Jones Industrial Average ETF rose 0.60% higher, as its underlying index logged another all time close at 14,539.14. The S&P 500 ETF gained 0.53%, while the tech-heavy Nasdaq ETF [...]
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