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Welcome to Ministry of Wealth and Gifts for your loved ones!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Friday, 18 February 2011

DOW - Stocks End at New Multi-Year Highs Again


Dow12,318.14+29.97+0.24%

By: Abby Schultz


Stocks closed moderately higher amid light volume to reach new multi-year highs after a slew of economic news, including rising inflation and strong regional manufacturing data.

The Dow Jones Industrial Average rose 29.97 points, or 0.24 percent to close at 12,318.14, the highest close since June 5, 2008.


The S&P 500 rose 4.11 points, or 0.3 percent, to close at 1,340.43, the highest close for the broad market index since June 19, 2008. The S&P 500 is now trading at more than double its lowest level during the financial crisis.


The Nasdaq gained 6.02 points, or 0.2 percent, to close at 2,831.58, its highest close since Oct. 31, 2007. The tech-heavy Nasdaq is only 27.54 shy from its multi-year high of 2,859.12, hit on Oct. 31, 2007.


The CBOE Volatility Index, widely considered the best gauge of fear in the market, fell below 17.

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