With Verizon Rumors in the Air, Dow Sets 30th Record Close This Year
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NEW YORK, July 16 -- The Dow Jones industrial average hit a new record close Monday as news of a potential telecom deal involving Verizon nudged the average closer to 14,000. Overall, stocks were mixed as investors contemplated the market's huge gains last week.
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The Dow Jones industrial average closed up 57.88 points, or 0.44 percent, as investors were more optimistic about the chances of cuts in interest rates.
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Stocks rose Wednesday afternoon, pushing the Dow Jones industrial average within a whisper of its record closing high, before the world's most widely watched stock market gauge pulled back.
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Stocks surged Thursday, with the Dow Jones industrial average closing at an all-time high and the S&P 500 finishing at its 2006 peak, as investors cheered strong earnings news from the banking sector, a drop in jobless claims and a rebound in the tech sector.
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Dow and S&amp;P close at records after surge; hedge funds may be rethinking their doubts.
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After days of flirting with its all-time peak, the Dow Jones industrial average finally set a new record this afternoon, closing at 11,727.34.
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The Dow Jones index hits a record closing high of 12,471, prompted by rising oil prices.
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Stocks rose on Monday with the S&P 500 and the Dow industrials eking out closing records as higher energy shares and a fresh round of takeovers offset concerns about a sharp sell-off in Chinese stocks.
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After days of flirting with its all-time peak, the Dow Jones industrial average finally set a new record this afternoon. According to preliminary figures the Dow closed at 17,727.26.
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Europe&#39;s equity markets rallied on Friday, with Frankfurt&#39;s DAX 30 index of top shares hitting a historic record above 8,150 points after Wall Street soared overnight, dealers said.
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The Dow Jones index of US shares reaches a record high for a second consecutive day, closing at 11,850.
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A rumored $40 billion buyout of the aluminum company sent the Dow, Nasdaq and S&amp;P upwards.
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Dow closes at record high for second consecutive day as investor get ready for earnings season.
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U.S. stocks rallied on Wednesday, driving the Dow Jones industrial average to a second straight record close, on optimism the Federal Reserve won't raise interest rates any time soon.
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Europe&#39;s equity markets jumped on Friday after Wall Street soared higher overnight, with Frankfurt&#39;s DAX 30 index of leading shares surging to a historic record above 8,150 points.
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Driven by corporate buyouts, strong profit reports and stock buybacks, the market closed at a record high.
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Ted Yoos, a fee-only certified financial planner and president of Cornerstone Financial Management LLC in Sudbury, answered readers' questions yesterday about the gyrating stock market at boston.com. Yesterday the Dow Jones industrial average rose 52.39 points to close at 12,268.73, a day after falling 416 points, the seventh-biggest one-day point drop in history. Here are excerpts from Yoos' chat.