As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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Thursday, 11 April 2013

Market Meltup: S&P 500, Dow Post Record Highs; Nasdaq Ends at Best Level Since 2000. 14,802.24 Up 128.78(0.88%)

By: Writer

Stocks soared broadly across the board to finish near session highs Wednesday, propelling the Dow and S&P 500 to new record levels, boosted by strong gains in techs.

With the day's robust rally, all three major averages logged their best three-day rally of 2013 and are now in the black for the month.

The Dow Jones Industrial Average rallied 128.78 points, or 0.88 percent, to finish at 14,802.24, propelled by Merck and Pfizer.

The S&P 500 jumped 19.12 points, or 1.22 percent, to close at 1,587.73, breaking above its previous all-time high of 1,576.09 set in October 2007.

The Nasdaq surged 59.40 points, or 1.83 percent, to end at 3,297.25, finishing at a 12-year high.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, dipped below 13.

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