Two weeks ago, it was the just the Dow-Jones.
Now it's more like "We're all baaaaaccccckkk"
Wall Street Journal
Chris Dieterich and Matt Jarzemsky,
3/15/12
US Stocks Higher After Solid Domestic Economic Data
Quote:
--Stocks higher after firm economic data on U.S. labor market, manufacturing activity
--S&P 500 tops 1400 for the first time since June 2008
--Dow on pace for seventh straight gain
--New applications for unemployment benefits fell more than expected last week
--New York, Philadelphia Fed banks report accelerated manufacturing activity in March
NEW YORK (Dow Jones)--Stocks rose in the U.S. on Thursday as the
Standard & Poor's 500-stock index topped 1400 for the first time in nearly four years
after firm readings on the country's jobs market and manufacturing activity.
The Dow Jones Industrial Average rose 36 points, or 0.3%, to 13220, in afternoon trading.
The Dow industrials are on course for a seventh consecutive gain, the longest streak since an eight-session run ended in February.
The S&P 500 rose six points, or 0.5%, to 1402, rising above 1400 for the first time since June 2008.
The Nasdaq Composite gained 12 points, or 0.4%, to 3052.
Financial and industrial stocks advanced most on a percentage basis.
In economic data, the number of U.S. workers filing new applications
for unemployment benefits fell more than expected last week.
New claims are hovering around levels last seen four years ago.
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