As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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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

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Thursday, 28 November 2013

Dow and S&P 500 hit records

NEW YORK (Reuters) - The Dow and the S&P 500 closed at record highs on Wednesday, led by Hewlett-Packard's jump a day after the personal computer maker's earnings, while the Nasdaq finished at a 13-year high.

Overall trading volume was light at 4.37 billion shares, according to BATS. Many traders were out for the Thanksgiving holiday, as the U.S. stock market will be closed on Thursday. On Friday, the market will close at 1 p.m..

The Dow Jones industrial average (^DJI) rose 24.53 points or 0.15 percent, to end at 16,097.33, a record closing high. The S&P 500 (^GSPC) gained 4.48 points or 0.25 percent, to finish at 1,807.23, a record closing high. The Nasdaq Composite (^IXIC) added 27.001 points or 0.67 percent, to close at 4,044.75.

Energy was the day's worst-performing sector. The S&P index of energy shares (.SPNY) fell 0.7 percent after a higher-than-expected increase in U.S. crude oil inventories.

U.S. light crude oil futures fell 1.5 percent to settle at $92.30 a barrel, which may translate into lower gasoline prices for consumers.

Weekly jobless claims for unemployment benefits unexpectedly fell in the latest week, a sign of steady improvement in the labor market. Analysts were expecting an increase in claims.

The November Chicago Purchasing Managers Index and the final November reading for the Thomson Reuters/University of Michigan consumer sentiment index exceeded expectations.

STI sibei SIANZ!!!

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