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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"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

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Saturday, 23 November 2013

Stocks rise; S&P 500 sets record finish above 1,800 in seventh week of gains

The Dow Jones Industrial Average rose 54.78 points, or 0.3 percent, to end at a record 16,064.77, with Boeing pacing gains that included 23 of the blue-chip index's 30 components. After finishing above 16,000 for the first time on Thursday, the Dow set an intraday record of 16,068.78, and ended up 0.7 percent for the week, which marks a seventh consecutive weekly rise, its longest such stretch since an eight-week advance that ended Jan. 21, 2011.


The S&P 500 rose 8.91 points, or 0.5 percent, to 1,804.76, its first finish above 1,800, with health care the best performing and telecommunications the largest laggard of its 10 industry groups. It climbed 0.4 percent from last Friday's close, extending to seven its streak of weekly gains. The Nasdaq added 22.49 points, or 0.6 percent, to 3,991.65, leaving it up 0.1 percent for the week.

The CBOE Volatility Index (VIX), a gauge of investor uncertainty, fell to 12.35.

STI Sibei Sianz!!!





 

4 comments:

  1. NEW YORK (Reuters) - U.S. stocks rose on Friday, led by healthcare stocks, putting the Dow and S&P 500 on track for a seventh straight week of gains.

    The Dow extended gains beyond Thursday's 16,009 close and the S&P 500 reached an intraday high above 1,800.

    ReplyDelete
    Replies
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    INVESTORS are pouring more money into stock mutual funds in the US than they have in 13 years, attracted by a market near record highs and stung by bond losses that would deepen if interest rates keep rising.

    Stock funds won US$172 billion in the year's first 10 months, the largest amount since they received US$272 billion in all of 2000, according to Morningstar Inc estimates. Even with most of the cash going to international funds, domestic equity deposits are the highest since 2004.

    The move marks a reversal from the four years through 2012, when investors put US$1 trillion into fixed income as the financial crisis drove many to redeem from stocks and miss out as the Standard & Poor's 500 Index almost tripled from its low.

    ReplyDelete
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