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, 27 June 2013

Stocks Close Up 1%, Dow Soars 150

By: | Writer

Stocks closed sharply higher for a second session Wednesday after the weaker-than-expected final read on first-quarter gross domestic product diminished worries that the Fed would rein in its stimulus measures in the immediate future.

The Dow Jones Industrial Average rallied 149.83 points, or 1.02 percent, to end at 14,910.14, led by Boeing and Home Depot, after logging a triple-digit gain in the previous session. The blue-chip index posted its 14th triple-digit move of the month.

The S&P 500 jumped 15.23 points, or 0.96 percent, to close at 1,603.26. And the Nasdaq bounced 28.34 points, or 0.85 percent, to finish at 3,376.22.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, declined near 17.


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