The Dow Jones Industrial Average (DJI) and the S&P 500 Index (GSPC) closed at record highs today as Hewlett-Packard shares soared 9 percent to lead the rise just a day after the personal computer maker reported stronger-than-expected earnings, while the Nasdaq (IXIC) reached a 13-year high. The Dow rose 24.53 points, or 0.15 percent, to end at 16,097.33 to hit a record closing high, with the S&P 500 climbing 4.48 points, or 0.25 percent, to finish at 1,807.23, also a record closing high. The Nasdaq Composite added 27.001 points, or 0.67 percent, to close at 4,044.75, aided by Apple Inc (AAPL.O) jumping 2.4 percent to $545.96 — its highest mark since January. Technology stocks overeall have lagged the broader market this year, with the S&P information technology sector index (SPLRCT) rising almost 21 percent, compared with the S&P 500’s 27 percent surge. “We’re seeing some rotation into the tech sector, which was left out of broader market gains,” said Frank Davis, director of sales and trading at LEK Securities, in New York. On the downside, energy was the day’s worst-performing sector. The S&P index of energy shares (SPNY) fell 0.7 percent after a higher-than-expected increase in U.S. crude oil inventories. U.S. light crude oil futures fell 1.5 percent to close at $92.30 a barrel, which may lead to reduced gasoline prices for consumers. Trading volume Wednesday was light at 4.37 billion shares, according to BATS, on the eve of the Thanksgiving holiday when the U.S. markets will be closed. Friday resumes on Friday but closes early at 1 p.m.
Dow and S&P 500 hit records, Nasdaq lifted by tech
Like This Article?
Now Get a FREE Special Report:
3 Dividend Plays with Sky-High Returns
This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.
Get Access to the Report, 100% FREE
Germany's two major political parties have formed a grand coalition deal, boosting the euro to its best position against the yen in four years and a one-month peak against the U.S. dollar.
PREMIUM SERVICES FOR INVESTORS
Dr. Mark Skousen
Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.
- Forecasts & Strategies
- Home Run Trader
- Fast Money Alert
- Five Star Trader
- TNT Trader
A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.
- Cash Machine
- Premium Income (exclusively for subscribers of Cash Machine)
- Quick Income Trader
- Breakout Profits Alert
- Hi-Tech Trader
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
- Successful Investing
- Intelligence Report
- Bullseye Stock Trader
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
- Retirement Watch
- Retirement Watch Spotlight Series
- Lifetime Retirement Protection Program
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:
- Investment House Daily
- Technical Traders Alert
- Success Trading Group
Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.
Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.
- Dividend Investor