US Indices Continue Winning Streak; Bond Yields Inch Higher (DELL, DKS)
>All three major indices in the US made gains on Monday as the Dow Jones Industrial Average once again set another all-time high. The S&P rose for the seventh consecutive day as well. Treasury yields are close to eleven-month highs after rising 1 point to 2.06%. In global market news, China faces climbing inflation rates and Italy's creditworthiness was lowered causing drops in stocks on Monday. Investor Carl Icahn's Icahn Enterprises LP ( IEP ) has signed a confidentiality pact with Dell ( DELL ), pushing shares of Dell higher. Dick's Sporting Goods ( DKS ) dropped about 10% after projecting disappointing profit expectations and shares of Verifone ( PAY ) climbed after announcing that the company will be looking for a new CEO. Oil futures recovered from earlier losses after the dollar weakened and several demand concerns diminished. Word on the Street Cahn signs confidentiality agreement as the investor continues to object to Dell's ( DELL ) buyout. Dick's Sporting Good Inc. ( DKS ) sees Q4 earnings rise 15% on better online sales . Recent jobs data inspires little confidence in the recovery of the US economy. Corn prices back off drought-induced highs and may fall 30% by the year's end. Apple ( AAPL ) climbs ahead of announcement for how it will reallocate some of the company's cash . The dollar weakens against most rival currencies as investors question strength of US economy. Urban Outfitters ( URBN ) disappoints in after hours trading with Q4 results. Interesting Tidbits A look at how small start-ups can get ahead by working with the enemy. Looking to hire in the coming months? Here's some tips on recruiting new grads .
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