The MarketsComments Off on The Markets
Happy birthday United States of America!
U.S. stock markets gave Americans plenty of reason to celebrate over the 4th July weekend. The Dow Jones Industrials Average earned ‘oohs’ and ‘ahhs’ from investors and pundits as it shot above 17,000 last week (a significant gain from March 2009 when it traded in the mid-6,000 range). Barron’s pointed out the Standard & Poor’s 500 Index was no slouch either having closed “above its 200-day trading average for more than 400 consecutive trading days, the second longest streak in the last 50 years.” (more…)