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.
0731-6618000
No comments:
Post a Comment