Dow win streak rises to 8
March 18th, 2010 admin
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Buying in select blue chips Thursday propelled the Dow to its eighth straight gain and the highest close in nearly 18 months, but the broader market churned as investors showed some reluctance after the recent rally.
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Stocks were little changed at Thursday’s open as reports that showed pricing pressure remains mild and jobless claims fell last week were countered by some reluctance after the recent rally.
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Stocks seesawed Tuesday, losing steam late in a volatile session, as investors welcomed Europe’s $1 trillion aid package, but showed caution amid the recent market turmoil.
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Fears about the fallout from a growing debt crisis in Europe dragged on Wall Street Thursday, sending the market to its lowest close in three months, with stocks hit across the board.
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The Dow Jones industrial average ended at a fresh 18-month high and the rest of the market churned Tuesday as investors weighed a rise in consumer confidence, more weakness in the housing market and a stronger dollar.
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The Dow ended higher Tuesday, finishing a volatile session with gains and breaking its seven-session losing streak as investors scooped up certain shares hit in the recent bloodletting.
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The parade of tall earnings continues. Intel joins Alcoa and CSX on the list of blue chips that have reported better-than-expected results and a healthy outlook for the rest of 2010.
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The Dow ended higher and the broader market meandered Monday, as investors geared up for the start of the quarterly reporting period, following the biggest week of stock gains in a year.
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Stocks ended little changed Friday, as investors welcomed a report that showed a surprise rise in retail sales, but showed caution as
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The financial sector led a broader stock market selloff Friday after U.S. regulators charged Goldman Sachs with defrauding investors by not telling them about conflicts of interest in subprime investments it sold.
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After a big rally in July, investors could be in for another bout of economic jitters this week as the focus shifts from earnings to the weak job market.
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