March 05, 2013 at 18:00 PM EST
Daily ETF Roundup: Dow Closes At All-time High
Wall Street cheered as the Dow Jones Industrial Average surged to its highest close ever, rallying 0.89% to 14253.77, 126 points higher than the old record set in 2007. Many cite the market’s four-year climb off its 2009 lows, as well as today’s record closing, to the Federal Reserve’s aggressive and unprecedented monetary stimulus measures, which have helped push equities higher by driving down yields in safe-haven assets. Also bolstering today’s rally in equities was a better-than-expected reading on non-manufacturing activity from the Institute for Supply Management, which reported that the services sector expanded last month; the index climbed 56% in February from 55.2% the month before [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Dow Closes At All-time High Following today’s better-than-expected ISM non-manufacturing report, all three major U.S. equity indexes rallied to close in positive territory today. The Dow Jones Industrial Average ETF logged in a 0.88% gain, as [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Bulls Return On Encouraging Labor Data Daily ETF Roundup: Stocks Shrugg Off Sequester Daily ETF Roundup: Early Morning Rally Sizzles, Stocks Close In Red Daily ETF Roundup: Housing Data Brings Back The Bulls Daily ETF Roundup: Stocks Rebound
Wall Street cheered as the Dow Jones Industrial Average surged to its highest close ever, rallying 0.89% to 14253.77, 126 points higher than the old record set in 2007. Many cite the market’s four-year climb off its 2009 lows, as well as today’s record closing, to the Federal Reserve’s aggressive and unprecedented monetary stimulus measures, which have helped push equities higher by driving down yields in safe-haven assets. Also bolstering today’s rally in equities was a better-than-expected reading on non-manufacturing activity from the Institute for Supply Management, which reported that the services sector expanded last month; the index climbed 56% in February from 55.2% the month before [see Free Member Report: How To Pick The Right ETF Every Time]. Global Market Overview: Dow Closes At All-time High Following today’s better-than-expected ISM non-manufacturing report, all three major U.S. equity indexes rallied to close in positive territory today. The Dow Jones Industrial Average ETF logged in a 0.88% gain, as [...]

Click here to read the original article on ETFdb.com.

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