Bullish momentum dominated Wall Street this week as the Dow Jones Industrial Average surged into uncharted territory, posting record-breaking all-time highs. For the most part, investors cite the market’s four-year climb off its 2009 lows and the Dow’s record closing to the Federal Reserve’s aggressive and unprecedented monetary stimulus measures, which have helped push equities higher by driving down yields in safe-haven assets. Strong and growing corporate profits have been bolstering this upward trend, as well as a rebounding housing market [see Visual History Of The S&P 500]. Meanwhile in economic news, the Institute for Supply Management non-manufacturing index climbed 56% in February from 55.2% the month before, a good sign for the services sector. Also according to the Fed’s Beige Book released this week, economic growth continued to show improvement in January and early February as consumer spending picked up [see 3 Economic Charts Bears Love To Ignore]. Below we outline seven insightful articles circulating around the financial space [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Blue-chips Post Another Record Close 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
Bullish momentum dominated Wall Street this week as the Dow Jones Industrial Average surged into uncharted territory, posting record-breaking all-time highs. For the most part, investors cite the market’s four-year climb off its 2009 lows and the Dow’s record closing to the Federal Reserve’s aggressive and unprecedented monetary stimulus measures, which have helped push equities higher by driving down yields in safe-haven assets. Strong and growing corporate profits have been bolstering this upward trend, as well as a rebounding housing market [see Visual History Of The S&P 500]. Meanwhile in economic news, the Institute for Supply Management non-manufacturing index climbed 56% in February from 55.2% the month before, a good sign for the services sector. Also according to the Fed’s Beige Book released this week, economic growth continued to show improvement in January and early February as consumer spending picked up [see 3 Economic Charts Bears Love To Ignore]. Below we outline seven insightful articles circulating around the financial space [...]
Click here to read the original article on ETFdb.com.
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