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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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, 3 July 2014

Dow, S&P 500 edge to records ahead of June jobs report




















NEW YORK: The Dow and S&P 500 edged to new records on Wednesday ahead the official US jobs data for June, with the outlook buoyed by a strong ADP private sector report.

The Dow Jones Industrial Average gained 20.17 points (0.12 per cent) to 16,976.24, while the broad-based S&P 500 added 1.30 points (0.07 per cent) at 1,974.62. Both notched records for the second day in a row.

The tech-rich Nasdaq Composite Index slipped 0.92 points (0.02 per cent) to 4,457.73.

Payrolls company ADP said the private sector added 281,000 jobs in June, surging higher from 179,000 in May. That came ahead of Thursday's Department of Labor report on job creation and unemployment nationwide in June.

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