2013-03-09 08:11:33 NEW YORK, March 8 (Xinhua) wrote:NEW YORK, March 8 (Xinhua) -- U.S. stocks continued to rise on Friday to end the week on a strong note, sending the Dow Jones Industrial Average to refresh all-time intraday highs and closing highs for four days in a row, boosted by upbeat U.S. jobs data.
The blue-chip Dow was up 67.58 points, or 0.47 percent, to 14, 397.07. The broader Standard & Poor's 500-stock Index rose 6.92 points, or 0.45 percent, to 1,551.18. The tech-heavy Nasdaq Composite Index gained 12.28 points, or 0.38 percent, to 3,244.37.
The Dow and S&P 500 rose for a sixth consecutive session, both gaining 2.2 percent in this week. The Nasdaq finished the week up 2.4 percent.
The main stock indices opened higher,with the Dow surpassing 14,400 points for the first time amid generally rising equity markets in Asia and Europe, as Japan upwardly revised its GDP data for the fourth quarter of 2012 and Chinese exports in February grew more than expected.
"The Dow has gone up so quickly and so dramatically this year because the world economy is improving and investors want to be part of the improvement. Money coming out of other assets classes and going into the equity fueled to the rise," Benedict P. Willis III, managing director in Albert Fried & Company, LLC, told Xinhua in a telephone interview on Friday.
"Positive economic data, in particular today's jobs report, have further boosted the market making this rally more believable in people's minds," Gregory J. Keating, managing director of New York-based James E. Coffey Securities Inc, told Xinhua on Friday.
Link: http://news.xinhuanet.com/english/busin ... 219694.htm
This soar happened way eariler than I thought it would. My prediction of the Dow reaching 14,100 by September was way too low and long. Who knows, maybe it will be nearing 15,000 by then. I hear the volume isn't what it used to be and that's "not good"...what is the volume anyways?
