U.S. stocks rose, with benchmark indexes extending all-time highs, as Apple Inc. (AAPL) rallied and the International Monetary Fund (IMF) indicated it would raise its outlook for the U.S. economy. The Standard & Poor’s 500 Index added 0.5 percent to 1,828.09 at 4 p.m. in New York. The Dow Jones Industrial Average jumped 74.69 points, or 0.5 percent, to 16,295.83. The Dow rose 3 percent last week and the S&P 500 climbed 2.4 percent as the Federal Reserve announced it will cut the pace of bond buying amid faster-than-estimated economic growth. The S&P 500 has advanced 28 percent in 2013, putting it on course for its biggest annual rally since 1997. Three rounds of monetary stimulus have sent the equities benchmark up more than 168 percent from a 12-year low in 2009. In addition, a report last week indicated the U.S. economy expanded at a 4.1 percent annualized rate in the third quarter, as consumers boosted spending on services and companies invested more in software. The reading was the strongest since the final three months of 2011 and up from a previous estimate of 3.6 percent, according to the report.
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:
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.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:
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:
Get free access to "Millionaire Maker" Hilary Kramer's latest report 3 Biotech Breakthroughs To Bank On. Simply tell us where to send it in the box below.
*Along with my FREE report, Hilary Kramer's
3 Biotech Breakthroughs to Bank On, please also send Hilary's free weekly e-letter, Trading Desk. We value your privacy. You will not be spammed, ever. Period.