Forecasts
Forex Guides
Members

Dow Climbs Above 15,000 on Stimulus Optimism, Earnings




U.S. stocks rose, sending the Dow Jones Industrial Average to its first close above 15,000, on optimism over global central bank stimulus and better-than- estimated corporate earnings. Nine out of 10 groups in the Standard & Poor’s 500 Index rose. DirecTV (DTV) gained 6.9 percent to an all-time high after adding more subscribers than analysts projected. Fossil Inc. advanced 9 percent after profit beat estimates and the company lifted its forecast for the year. EOG Resources Inc. (EOG) jumped 7.7 percent after seeing higher growth rates for crude oil. First Solar Inc. (FSLR) plunged 8.9 percent after earnings fell short of estimates. The S&P 500 (SPX) rose 0.5 percent to 1,625.96 at 4 p.m. in New York, its fourth straight record close. The Dow added 87.31 points, or 0.6 percent, to 15,056.20. The gauge briefly surpassed 15,000 for the first time in intraday trading on May 3. More than 5.8 billion shares traded hands on U.S. exchanges today, or 6.7 percent below the three-month average. “



This is a QE-fueled market,” Steven Bulko, the New York- based chief investment officer of Lombard Odier Investment Management’s $1 billion long/short 1798 Fundamental Strategies Fund, said by telephone. “You’re just not seeing sales based on allocation into any other asset class because of the relative unattractiveness of everything other than equities. That’s putting in place a firm bid to the equities market.” The S&P 500 advanced 0.2 percent yesterday, after the benchmark gauge for U.S. equities topped 1,600 for the first time on May 3. U.S. stocks are in the fifth year of a bull market amid better-than-estimated corporate earnings and three rounds of bond purchases by the Federal Reserve. Fed Stimulus Fed Chairman Ben S. Bernanke has injected more than $2.3 trillion into the financial system since 2008. The Fed is currently […]



Invest In Yourself And Get Premium Analysis
Less than 20 cents a day
Major Currency Pairs Analysis
Forex Sentiment Analysis
Understand The Market
10 days money back guarantee

View Subscription Options

Would you like to connect?
Get notifications on new forecasts and articles.

Sign up to our emailing list and get your FREE Stop Losing and Start Winning in Forex Checklist!

Trending Forex Articles

  • EUR/USD Gold CorrelationDow Climbs Above 15,000 on Stimulus Optimism, Earnings
  • Dow Climbs Above 15,000 on Stimulus Optimism, Earnings
  • Dow Climbs Above 15,000 on Stimulus Optimism, Earnings
  • Dow Climbs Above 15,000 on Stimulus Optimism, Earnings
  • Dow Climbs Above 15,000 on Stimulus Optimism, Earnings
  • Dow Climbs Above 15,000 on Stimulus Optimism, Earnings
TheGeekKnows