S&P 500 closes above 1,900 for first time – US News
Yesterday, existing home sales, better than expected.” UPWARD TREND: Major indexes rose Thursday and have finished higher in four of the last five trading days. The S&P 500 index, the most widely used benchmark for stock funds, has climbed 1.1 percent this week. The index moved early Friday ahead of its previous record closing high of 1,897 set early last week. THE OUTLOOK: “The environment is very good for stocks,” said John Fox, director of research at Fenimore Asset Management.
Stocks edge higher ahead of Memorial Day holiday – The Washington Post
The S&P 500 has gained 180 percent since bottoming out in March, 2009 during the Great Recession. Stocks are now in the second-longest bull market since 1946, according to data from S&P Capital IQ. The index has also gone 2 years without a correction. Typically those declines occur once every 18 months. Another sign that investors have been more nervous this year than last is that while the S&P 500 has ground higher, the riskier parts of the stock market, such as small-company stocks, social media and biotechnology stocks have had sharp sell-offs.
Source: <a read href=’http://www.usnews.com/news/business/articles/2014/05/23/stocks-edge-higher-ahead-of-memorial-day-holiday’ >http://www.usnews.com/news/business/articles/2014/05/23/stocks-edge-higher-ahead-of-memorial-day-holiday
STOCKS RALLY, S&P 500 CLOSES AT RECORD HIGH: Here’s What You Need To Know – Yahoo Finance
THE OUTLOOK: The environment is very good for stocks, said John Fox, director of research at Fenimore Asset Management. The economy is moving ahead at a slow, but reasonable rate, and corporate earnings are fine. Valuations are fair, but they certainly are not overblown, and we have continued low interest rates. GROWING AND CUTTING: Hewlett-Packard reported late Thursday that its net income increased in the February-April quarter. The technology giant also announced plans to cut another 11,000 to 16,000 jobs by October as part of a multiyear restructuring plan. LEVEL UP: GameStop jumped $1.30, or 3.5 percent, to $38.17 after the video game seller reported earnings that were higher than analysts were expecting.
Done STOCKS RALLY, S&P 500 CLOSES AT RECORD HIGH: Here’s What You Need To Know By Mamta Badkar 9 hours ago 0 shares Markets were up ahead of the three-day weekend. First, the scoreboard: S&P 500: 1,900.53 (+8.0, 0.4%) Nasdaq: 4,185.81, (+31.4, +0.8%) And now the top stories: New home sales were up 6.4% to an annualized pace of 433,000 units in April. We also got a significant upward revision to March’s data that showed existing home sales were down a more modest 6.9% to 407,000 units. “The recovery in housing is back on track, wrote Chris Rupkey at Bank of Tokyo-Mitsubishi UFJ.