The dow rose in the years to the highest closing price, make it a record 1%. Two big impressive results, consumers to the brand market.
The dow Jones industrial average index closed up 47.46 to 14018.70 on Tuesday. This is 146 points record closing 14164.53 is scheduled for October 2007. Standard &poor's 500 index rose 2.42 points, to 1519.43 point, close to the record.
In a quiet day trading, stock push high beauty products manufacturers Avon and luxury clothing and accessories company Michael Kors, the result let investors impressive. Consumer spending accounts for 70% of the economic activity
Financial and housing stock also remove the stock, leading to bank of America and javier company, gap a day of the maximum gain.
The dow has earlier this year to rise sharply, record the nearly twenty years the best one month later, congress reached the last minutes of trading, in order to avoid "tax increases and spending cuts across the financial cliff". Investors are more and more valued the housing market is recovering, recruitment is gradually picks up.
At present, the dow has advanced 7%, this year, and the S&P 500 index rose 6.6%.
Have 30 members at present, the dow has closed at 14000 twice this month. In February, the index has closed above this level in its history only nine times. The first was in July 2007, the rest are in October.
Avon's shares rose $3.51, or 20%, to $20.79, the company released the fourth quarter loss, it is not so bad, because analysts' forecasts. The company also hope that through cut cost savings of $4 million. Michael Kors rising $5, $62, or 9%, more than the analysts' earnings forecasts report.
Bank of America (Bank of America) is the largest increase the dow Jones index, increase and cents, or 3.25%, to $12.24. In the stock index for falling edge outnumbered by more than four ratio.
Two stocks rise, every drop on the New York stock exchange. Trading light, in the near future, an average of 330 billion shares.
In an S&P 500 index about 70% of the company's earnings in the fourth quarter. Analysts forecast, earnings will rise 6.4% in the third quarter, period, the growth of the improved 2.4% report, according to S&P Capital IQ.
Investors may have become the prospect of the stock market is too optimistic, open the rand needless to say, the President of the hedge fund platinum partner.
"Market price perfect, said:" the rand guzman. "Disappointing probability is very very high."
The rand weisman prediction, multiples on S&P 500 index will climb the past record and April rose as high as 1600 before this, the company profit down low to 1300 began to make investors disappointed. The S&P 500 index closed record is 1565200 and to October.
Investors seem to be supporting the market, buying the stock price of the dip, JJ base nano han said, in TDAmeritrade chief derivatives strategy. S&P 500 has won for 6 weeks since the start of the year.
In the global economic growth prospects confidence to enhance the asset management companies in recent months, according to an American merrill lynch bank survey. The survey found 59% of investors that the global economy will be in the New Year, in strengthening and 1 month of reading. The first four months of improved growth prospects.
Investors will closely monitor on Tuesday night, when President Obama released the annual state of the union address. Obama is expected to focus on the economy and create jobs.
Since the beginning of time of the bond price decline is slowing. Ten-year Treasury bonds, move the price is in inverse proportion to the rising rate of return on two basis points to 1.98%. At the beginning of the year, the yield is 1.71%.
In other trading Tuesday, the nasdaq composite index fell 5.51 points, for 3186.49.
The other stock big action:
- the world's largest beverage company, Coca-Cola, fell $1.05, or 2.7%, at $37.56 after the fourth quarter revenue report below analysts' forecast.
- javier up $2.22, or 13%, to $20.01 after, the home installs and building products company reported performance beyond the analysts' forecasts, due to strong demand in North America.
- Dun&Bradstreet company, the supplier's credit risk and business data, $78.68, dropped $6.60, or 7.7%, after the company announced, the fourth quarter profit lower than market expectations.



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