Thursday, March 7, 2013

Wall Street ends flat after late fade; S&P up for fourth month

http://finance.yahoo.com/news/stock-index-futures-point-slightly-090532570.html

In recent times the Dow has been getting closer and closer to breaking all-time high records even with the stock market closing relatively flat. The S&P 500 has also been on a role with a 1.1% gain this month (February), it also ended February with four straight months of gains. The Dow was recorded to have ended the month with a 1.6% gain followed by the Nasdaq with an advance of 0.6%. 14,1980.10 is the highest point the Dow has ever been and that had been obtained back on October 11, 2007, now its just inching back towards that and it could very well break that record. Although there have been many gains in the stock market recently, some companies seem to still be struggling, for example JC Penny Co. Inc. was hit hard decreasing by 17% this past month. If there aren't too many more changes in the stock exchange and they continue to have gains, other companies may start to see gains as well in this slowly recovering economy.

1 comment:

  1. Its good to see that even after the recession that the economy is slowly but surely bouncing back. I have also looked at other stocks such as Nike which has been slowly climbing in the past few months. Given enough time and the right amount of help, our economy will bounce back to its former glory.

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