Archive for February 28th, 2012

Stocks Add To Recent Gains; Priceline.com Surges On Strong Earnings

The Nasdaq Composite index hit fresh 11-year highs as Apple shares reached record levels and semiconductor stocks continued to rally on hopes that the bankruptcy filing of Japanese chipmaker Elpida would …

U.S. stocks rise, sending the Dow Jones Industrial Average to its first close above 13,000 since May 2008, as consumer confidence hits a 12-month high and oil prices fall.

Stocks Close With Gains As Techs, Nasdaq Lead Market

Lackluster economic data made for a mixed open on Wall Street, as investors considered the latest durable goods orders and housing reports. The markets made some gains later in the day, with the Dow rising above 13,000 briefly and the S&P hitting multi-year highs. Starting with home prices, the S&P Case [...]

U.S. stocks gained Tuesday after an index showed consumer confidence at a 12-month high and oil prices slid, helping boost the Dow Jones Industrial Average to its first close above 13,000 since May 2008.

These stocks fell even on the Dow’s big day.

The Dow and S&P 500 may have hit their highest levels since 2008 on Tuesday, but well-known investor Jim Rogers is still staying away from stocks. Instead, he’s playing the rally with commodities.

The Dow Jones industrial average rode a surge of confidence in the economy Tuesday to close above 13,000, a threshold it last crossed four months before the financial crisis of 2008 and the darkest days of the Great Recession.

Stocks logged a gain Tuesday despite mixed economic reports, with the Dow finishing above 13,000 for the first time since May 2008 and the S&P closing at its best level in almost four years.