Dow, S&amp;P 500 Hit Highs
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Two of the major indexes notched record closes after the Fed raised hopes of an interest rate cut.
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Investors sent stocks sharply higher Friday as new economic data showed strength in manufacturing and construction, and Wall Street greeted the departure of PeopleSoft Inc.'s chief executive by buying up technology shares. The Dow Jones industrials gained 100 points in morning trading.
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The Dow Jones industrial average and the Standard & Poorâs 500-stock index on Friday both reached all-time closing highs.
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U.S. stocks rallied on Friday, with the S&P 500 up 1 percent and the Nasdaq climbing to its highest in a little more than six years, as investors got some reassuring news about the economy's health from government data pointing to moderate core inflation, excluding food and energy.
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THE share market reached a record high today, despite a negative lead from the US where markets fell overnight. At 1030 AEST, the benchmark S&amp;P/ASX 200 index was trading at 3595.
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U.S. stocks rallied on Thursday, boosting the Dow to a record, as healthy sales from key retailers reassured investors about the economy, while takeover speculation drove Alcoa Inc.'s  shares to a lifetime high.
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U.S. stocks rallied on Tuesday, with the Dow closing at its highest level in 3 1/2 years, boosted by a rebound in beaten-down drugmaker Pfizer Inc. , while tech stocks got a lift from a broker upgrade of Intel Corp. .
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The Dow Jones industrial average and the S.&P. 500 both closed at record levels for the second straight day, capping a week which saw the Dow surge 295 points.
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U.S. stocks surged on Thursday, with the Dow hitting a record on its biggest point gain since 2002, after healthy retail sales reassured investors about consumer spending and a $38 billion mining takeover fed expectations for more deals.
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Stocks soared in early trading as investors awaited data on home sales and manufacturing to help determine how Wall Street will cap a fractious year.
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Stocks extended their rally on Friday,  lifting the Standard & Poor's 500 Index .SPX to a 3-year  high, while bonds and gold rose and the dollar and oil dropped.
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Wall Street bounded higher for the second straight day yesterday as investors reveled in sharply falling oil prices and the probusiness agenda of the second Bush administration. The Dow Jones industrials gained more than 177 points for its best day of 2004, while the Standard &amp; Poor's 500 closed at its highest level since early 2002.
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U.S. stocks extended their rally on  Thursday, with the Dow at its highest close since March as oil  prices fell and relieved concerns about the impact of energy  costs on corporate profits and consumer spending.
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U.S. stocks rallied on Thursday as oil  prices resumed their retreat and pushed the S&P 500 to a  three-year high, with tech shares lifted by Microsoft  Corp.MSFT.O and online marketplace eBay Inc.EBAY.O
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Stocks soared Wednesday, with the Dow Jones industrials rising more than 120 points, as a large buildup in the nation&#39;s energy inventories and increased consumer spending sent stock buyers back to the market.
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NEW YORK -- US stocks rose, sending the Standard &amp; Poor's 500 Index to its highest close in more than three years and erasing the Dow Jones industrial average's loss for 2004.
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U.S. stocks rallied on Tuesday, with  the Dow closing at its highest level in 3 1/2 years, boosted by  a rebound in beaten-down drugmaker Pfizer Inc. PFE.N, while  tech stocks got a lift from a broker upgrade of Intel Corp.  INTC.O.