14,000 possible or not???
By: Justin Menza
Stocks closed higher on Tuesday as the Dow
marched toward the 14,000 level and investors looked ahead to
Wednesday's Federal Reserve policy announcement.
A gain in the energy sector following strong earnings from refiner Valero and big gains in the pharma sector after Pfizer's solid earnings report supported stocks.
The Dow Jones Industrial Average rose 72.49 points, or 0.52 percent, to close at 13,954.42, lifted by big gains in Pfizer and Verizon. Hewlett-Packard lagged. The Dow has not closed above 14,000 since October 17, 2007.
The S&P 500 gained 7.66 points, or 0.51 percent, to finish at 1,507.84, while the Nasdaq shed 0.64 points, or 0.02 percent, to close at 3,153.66 as disappointing earnings weighed on tech stocks.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.
A gain in the energy sector following strong earnings from refiner Valero and big gains in the pharma sector after Pfizer's solid earnings report supported stocks.
The Dow Jones Industrial Average rose 72.49 points, or 0.52 percent, to close at 13,954.42, lifted by big gains in Pfizer and Verizon. Hewlett-Packard lagged. The Dow has not closed above 14,000 since October 17, 2007.
The S&P 500 gained 7.66 points, or 0.51 percent, to finish at 1,507.84, while the Nasdaq shed 0.64 points, or 0.02 percent, to close at 3,153.66 as disappointing earnings weighed on tech stocks.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.
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