Wall Street Rises Historical Records

Posted On 13 May 2014
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Tag: u.s. economy, U.S. stock market, wall street historical records, wall street historical records 2014, Wall Street rises historical records

NEW YORK (AP) - The U.S. stock market returned to record territory Monday as investors regained their appetite for riskier securities.

After overwhelm the actions of internet companies and small for two months, investors decided that enough had already fallen. The big winners were Twitter and Facebook, which had collapsed in March and April. The Russell 2000 index, which tracks him down to small businesses, rose to its highest level in two months.

Investors have shown this more cautious than last year due to concerns over the outlook for the U.S. economy, have shown a preference for titles more weight and less volatility that pay good dividends. Energy companies and utilities are among the most benefit from this trend and have outperformed the broader market so far in 2014.

And while interest rates remain low, investors will probably continue to feel attracted to stocks after sell-offs that keep generating cash returns, said Tim Courtney, chief investment Exencial, an independent wealth management company.

“There is some bargain hunting among some of the names that were hard hit in March and April,” said Courtney

On Monday, Standard & Poor’s 500 index rose 18.17 points (1, to close at a record level of 1896.65. Index last closed in record territory on April 2, when it reached 1890.90.

Meanwhile, the Dow Jones industrial average gained 112.13 points (0.7, reaching 16,695.47 on Monday integers. Dow The previous record was 16,583.34 on Friday.

The Nasdaq composite index rose 71.99 points (1.8 to 4143.86.

Meanwhile, the Russell 2000 index rose 26.4 points (2.4 to 1133.65, its biggest gain since March 4. This index was down nearly 10% between March 4 and May 9 when investors dumped riskier actions, and remains 2.6% lower so far this year after climbing 37% in 2013.

Monday hikes were led by technology companies and industrial sectors that are expected to benefit more if the economy begins to grow faster.

Facebook raised $ 2.59 (4.5 to 59.83 U.S. dollars, reducing the decline of that title from March 10 to 17%. Twitter, another title that took a beating recently rose $ 1.89 (5 9%) to $ 33.94.

But stocks also received a boost from some merger news.

Pinnacle Foods raised $ 4.02 (13.2 to $ 34.47 after the company agreed to be acquired by Hillshire Brands. Brands include Duncan Hines Pinnacle and Aunt Jemima, while Hillshire is the producer of brands and Jimmy Dean Sara Lee. Hillshire fell $ 1.19 (3.2%) to $ 35.76.

Although stocks have moved mostly horizontally for much of the year after a sharp rise in 2013, investors remain concerned about not missing the next bull run that deal with a crash, said Doug Cote, chief strategist Voya market Investment Management.

In terms of debt, the yield on the Treasury 10-year benchmark rose to 2.66% from 2.63% on Friday.

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