Last Friday, New York (Reuters) - the stock to five years high, the dow Jones index closed more than 14000 since October 2007, after the first employment and manufacturing data shows that economic recovery is still on track.
S&P touch since December 2007 the highest level, 5% increase, this is the best since 1997, beginning, one year on January. The index is about sixty points, from the tray top 1576.09.
The employment growth in mild, and 157000 new jobs. This is slightly lower than expected, but the United States department of labor revised 127000 be created more jobs than previously reported in November and December.
Analysts believe that the strong performance of the market, so far this year, part of the reason is the cash into the stock market.
Investors have $1.27 trillion to headquarters in the United States stock mutual funds and exchange fund (ETF), end since 1996 strongest four weeks into stock fund, in the last week's data show that on Thursday.
"There are a lot of money to find home, and said:" people finally decided to the bond market and money transfer to stock, Edward simons, "China sea in Maine Portland, managing director and partner.
"I saw rotation (asset) market in the face of not a lot of good news," he said. "People are overlooking a risky stock."
According to a report released on Friday, the United States manufacturing on January 9 months to the highest level in the pace of growth, the United States consumer confidence index rose more than expected whIL last month
"All the data seems to point to a slow, steady increase economic, Kuby, in Chicago north star investment management company chief investment officer Eric said."
At closing, the dow Jones industrial average index (^ DJI) up 149.21, or 1.08%, in 14009.79. Standard &poor's 500 index (^ GSPC) up 15.06, or 1.01%, in 1513.17. The nasdaq composite index (^ IXIC) up 36.97, or 1.18%, in 3179.10.
A day of gains, the main stock market index rose 5 weeks.
More than 600 stock in the New York stock exchange (NYSE) and the nasdaq composite last Friday, including Google (GOOG o.) rose as high as $776.60 as before, closing at $775.60, up by 2.6% to 52 week high.
Investors also draws attention to the enterprise's profit, the dow Jones index component trio better than expected profit report.
Exxon Mobil (Exxon Mobil) (XOM) closing flat at $90.04 after the report, chevron (CVX) rose 1.2%, to $116.50.
The drug manufacturer Merck (MRK) fell 3.3%, to $41.83, cautious outlook 2013.
Generic drug producers baili high (PRGO), the report better than expected in the second quarter profits, the price of the stock rose 4.7%, to $105.28.
In an S&P 500 index of the 252 companies in the results so far, has more than 69% of the expected, according to the townsend Reuters data. This is a higher proportion in the past four quarters above average, since 1994.
In general, multiples on S&P 500 index of earnings in the fourth quarter is expected to grow by 4.4%, according to the data, the prediction of 1.9% from 9.9% of earnings forecast on October 1, the earnings season, but far below.
DELL (DELL) rose 2.9%, to $13.63, sources said, the company has agreed to sell itself to a takeover, its founder, Michael DELL (Michael DELL) and private equity investment firm Silver Lake Partners of the consortium lead.
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