After most of flat or falling on Friday, the stock market rally, at the last minute, closed slightly higher, new highs, the dow Jones industrial average and the standard & poor's 500 index just enough pay.
Gains are tiny respectively. And a new record doesn't mean for investors, they have almost no more money than they a day earlier. But it is a sign that investors believe the market's rebound, this year is not over yet.
The S&P 500 index closed up, seven days. The last time this was done in March.
Investors have to UPS, said the industry slowdown in the United States was seen looked gloomy outlook. And in the afternoon, Boeing shares fell after it into the fire in London 787 aircraft, aircraft with smoldering battery troubles the concerns of the recovery earlier this year.
Other mixed economic news. Big bank Wells Fargo and jpmorgan chase better-than-expected profits, and help the financial sector. But the university of Michigan consumer sentiment index to measure less than expected this month.
Investors will get more information, when inflation and the key retail sales report is due next week. That is also sharply, and the company's earnings report. The result is due to the rest of the big Banks and general electric, Intel, Microsoft and other industry leaders.
, chief investment strategist at Morgan Stanley, individual investors group, David stern said: "this is the jump ball, this is lebron James of the market, refers to the second quarter earnings." This will determine the market. "
The dow Jones industrial average closed up 3.38 points, is only 0.02%, to 15464.30. The standard & poor's 500 index rose 5.17 points, to 1680.19, up 0.3%. The two index closed at all time highs on Thursday.
The nasdaq composite index rose 21.78 points, or 0.6%, to 3600.08 points. It is still far below its record high of 5048, set in March 2000.
, which is made up of smaller companies, the Russell 2000 index rose 3.35 points, or 0.3%, to 1036.52.
All the indicators are ahead of one week.
Most stocks fell on Friday, but not down. Analysts believe that investors are waiting for the main earnings and economic reports rebound next week to decide whether to have further to run.
ConvergEx group managing director and chief trader Anthony conroy, think this is possible, the stock market will keep going up, as long as the second quarter earnings report, at least match the low expectations, investors. "In the next few weeks the three the most important thing is to profit, profit, profit," he said.
Wells Fargo bank, Wells Fargo) cut costs to increase profits, and its shares rose 74 cents, or 1.8%, to $42.63. Jp Morgan chase reported profit jumped 32%, but its shares fell 17 cents, to $54.97.
Conroy said that jp Morgan's credit Numbers are strong. "This means that consumer spending and borrowing, to support the economy as a whole, this is a good thing," he said.
United parcel service company fell $5.33, or 5.8%, to $86.12 after that, the second quarter and its full-year profit will be lower than analysts had been looking forward to, because the company's customers to use cheap shipping option. UPS said that it saw the industrial slowdown in the United States.
Fedex fell, too. Its shares fell $2.11, or 2%, to $102.29.
Boeing 787 stop at heathrow airport after a fire down, after another 787 had to be transferred to a different airport. Boeing company earlier this year, its new 787 earth more than 3 months because of smolder battery, investors nervous about aircraft of any other questions.
Before the news of the fire, Boeing has set a new 52-week high of $108.15 earlier on Friday. The shares fell $5.01, or 4.7%, closing at $101.87 with high volume. Boeing is the biggest drop in the dow.
Has a significant action of other stocks including:
- gorge up 34 cents, or 0.8%, to $45.10. Three gorge posted after analysts lifted its price target at stores open at least a year, better than market expectations of income.
- cna rose $6.86, or 25%, to $33.82 after medical website operation, greatly raised its second-quarter results, citing strong demand from advertisers.
- RadioShac k company rose 29 cents, or 11%, to $2.92. Investors fear that late on Thursday after reports of it has hired a financial adviser. However, they seem to be guaranteed after struggling electronics retailer, said it has a strong balance sheet and discuss with consultant "the only focus," the stronger balance sheets.
10-year yields rose slightly, from 2.57% to 2.59%.
Since early may yield has jumped by almost one percent, pushing up interest rates, mortgages and other loans. There is a worry that higher interest rates may damage to housing and commercial lending.
, director of research at fenimore asset management, said John fox, housing, employment, retail and car sales are good. "Just want to disappear, if we have a 3.5% debt? I don't think it will be".
Crude oil rose $1.04, closed at $105.95 a barrel in the United States, such as energy prices also rose. Gold fell $2.30, to $1277.60.



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