US stocks hit highest levels for months
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Stocks rallied strongly in the US last night, with both the Dow and the Nasdaq at their highest for months. The Dow Jones Industrial Average closed above its end 2003 level for the first time in more than four months.
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NEW YORK, May 30 -- The Standard & Poor's 500-stock index hit a record high today, marking the end of a four-year healing period for U.S. stocks battered by the burst of the tech bubble, the collapse of Enron and WorldCom, the Sept. 11 attacks and the wars in Afghanistan and Iraq.
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Stocks rallied early Wednesday afternoon, with the Dow Jones industrial average hitting a new record trading high, after closing at its best level ever on Tuesday.
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Shares rose the most in about a month yesterday as investors bet that falling oil prices would propel consumer spending and lift corporate profits while easing inflation.
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NEW YORK (CBS.MW) -- US stocks were back in rally mode Tuesday, with all three of the major indexes marking fresh 42-month highs on news of a surge in consumer confidence to its best levels since July.
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Indian shares climbed to one-month highs on Thursday as overseas funds piled in after the government raised the limit on foreign holdings in telecoms companies.
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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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These top-rated stocks do best in the month of February.
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US equity mutual funds rose 4.8 percent in the second quarter, twice the rate of the first three months of the year, as record corporate takeovers pushed US stock indexes to new highs.
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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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These top stocks had big price cuts in the past month.
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Tokyo stocks finished sharply higher Monday, fueled by Wall Street&#39;s gains last week. The US dollar was higher against the Japanese yen.
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The S. & P. index set a five-year high and the Dow Jones industrial average climbed above 11,800 for the first time.
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US stocks rose, sending the Standard &amp; Poor&#39;s 500 Index to its highest close in more than three years and erasing the Dow Jones industrial average&#39;s loss for 2004.
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Top shares have jumped to their highest level for 27 months, tracking a buoyant start to the fourth quarter across global stock markets and as takeover speculation continues to rumble among banks and elsewhere.
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The Nasdaq and S&P 500 rounded out   their best month since January while the Dow posted its biggest   monthly gain since April, with all three indexes ending flat on   Thursday as investors hesitated to make big bets before   Friday's closely watched jobs report.
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Stocks jumped on Tuesday, pushing the S&P 500 and Nasdaq composite indexes more than 1 percent higher, as Wall Street joined Asian and European markets in a rebound after the recent global sell-off.