Stocks edged higher on Wednesday, the dow Jones index rose to another record ninth straight trading day, with retail sales unexpectedly strong, suggests that the economy is gaining momentum.
As of the closing, the dow Jones industrial average of 9 winning streak is the longest continuous run since November 1996.
But low volume. Mobile has been silent investors consolidate a strong run in recent days, after the location of the first three months of this year. However, weak in the stock market has met with the purchase, this will help promote the progress of the market.
The broader S&P 500 index closing high of 1565.15 within striking distance of all time by about 1%, from an intraday high 15-1576 are set up in 2007.
"I think we will soon see small & P in high level all the time, I also don't think has breakthroughs are on the market, and still has a higher strength to mobile market," said ali greenwald, technical strategist/PrinceRidge C and cooperation in New York state.
"We see a revised 10% or so soon? Don't urgent, we haven't seen divided the behavior of the participants buy stock become more selective."
International business machines corporation (IBM) N) and Boeing (BA. N) are two of the biggest increase in the dow Jones industrial average. IBM rose 0.7%, to $212.06. Boeing also rose by 0.7% - at the end of the $84.75.
The dow Jones industrial average (DJI), up 5.22 points, or 0.04%, to 14455.28, another record closing high. Standard & poor's 500 index.spx rose 2.04 points, or 0.13%, to 1554.52. The Nasdaq composite index. Ixic. IXIC rose 2.80 points, or 0.09%, to 3245.12.
To help speed up the economic strength of the us stock market and signs of the fed's loose monetary policy. The dow Jones industrial average rose 10.3%, the annual benchmark S&P 500 index is up 9%.
Wednesday's retail sales report to strengthen that the American economy, even have obstacles to recovery. Sales rose 1.1% in February, the largest increase since month.
Investors have been looking for any impact on spending, high unemployment and high payroll taxes, take effect at the beginning of this year.
Morgan Stanley (MVR) retail index up 0.7%.
Coach (COH. N) shares rose 1.8% to $49.67 after citigroup raised luxury leather goods company's shares to "buy" to "neutral.
"Walgreens (WAG. N) leap 4.2% to $42.78, and ubs raised its rating to" buy "to" neutral "and cancel its price target to $48, 41 yuan stocks, the largest drugstore chain in America.
But Courier company (EXPR. N) shares fell 3.2%, after the clothing retailer $18.25 release earnings in the fourth quarter, and said, this is the beginning of a slow, in the first quarter.
Spectrum pharmaceutical (SPPI. O) shares fell 37.3%, to 77.9, well below analysts' estimates of biotech companies is expected this year's sales.
Volume was below average, about 5.5 billion shares trading on the New York stock exchange, nasdaq and nyse MKT, from 2012, the average daily volume of $4.5 billion when he was about 6.
Rising home, than the proportion of the New York stock exchange fell than 13 to 17. Listed on the nasdaq, positive width slightly wide, about seven stocks rose, every five to fall.
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