Saturday 3 March 2012

U.S. MARKET UPDATE


The five-month stock rally has been built on a string of improving economic data that suggests U.S. corporate profit growth will remain intact, according to some analysts.


The Standard & Poor's 500 .SPX is up for eight of the last nine weeks. This week, the Dow .DJI closed above the 13,000 mark for the first time since May 2008, and the S&P 500 twice closed above 1,370, a closely watched technical resistance level. The Nasdaq .IXIC at one point crossed the 3,000 level this week and is trading at its highest since 2000.


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