There has been much talk during the past couple of the days about the stock market and the two-year anniversary of the strong upward move in the indexes, more commonly referred to as a "bull market. Indeed it has been quite a bull market over the past 24 months, with the S&P 500 up roughly 53 percent in that time, and that pales in comparison to the tech-heavy Nasdaq Composite Index which rose 119 percent over the same period.
NEW YORK -- Wall Street rallied back Wednesday as investors scared off by the Federal Reserve's assessment of the economy in the previous session regained their confidence and bid stocks higher. The Nasdaq composite index reached a five-year high as investors focused on technology and smaller company stocks. The advance reflects investors' overall optimism about the economy and corporate earnings, although many remain concerned that rising borrowing and energy costs could weigh on both, analysts said.
Tech earnings push Dow near 3-year high NEW YORK - Strong earnings from technology companies including Intel Corp. sent stocks sharply higher Wednesday. The Nasdaq Composite Index had its biggest one-day jump in six months, and the Dow Jones Industrial Average closed at its highest level in nearly three years.
NEW YORK -- Stock indexes closed Monday at the highest point since the U.S. debt limit showdown in August. The market was driven higher by a round of big corporate takeovers and reports that Europe's bailout fund will be larger than originally thought. The Nasdaq composite turned positive for the year.
The Dow Jones industrial average rose 75.42 points, or 0.6 percent, to close at 12,124.36. The Standard & Poor's 500 index rose 9.44, or 0.7 percent, to 1,289.00. The Nasdaq composite rose 9.49, or 0.4 percent, to 2,684.87. Thursday's gains broke a six-day losing streak and marked the first time stocks rose in June. Stocks had dropped following poor reports on manufacturing, home sales, hiring and consumer confidence. It was the longest losing streak for the Dow Jones industrial average in over a year and the longest for the Standard & Poor's 500 index since February 2009. The narrower trade deficit is a sign that goods from U.S. manufacturers are becoming more competitive in overseas markets. U.S. companies sold more computers, heavy machinery and telecommunications equipment abroad in...
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