Daily Data Flow: Dow at Five-Year High; Citi Q4 Falls Short; Spain Debt Lifts Euro

Daily Data Flow

Dow Closes at Five-Year High (Bloomberg)
The Dow Jones Industrial Average closed at its highest point since 2007, thanks to rallying stocks. A jump in housing starts and drop in jobless claims triggered both a rise in commodities and optimism in the U.S. economy. “We’re getting signs that both housing and the labor market are improving,” said Paul Zemsky, the New York-based head of asset allocation for ING Investment Management. “Housing, in particular, is a huge number. It’s positive for the economy, it’s positive for earnings and for the stock market.”

Citi Blames New Regulations for Earnings Shortfall (CNBC)
Citigroup’s new CEO Michael Corbat cited the “challenging” environment caused by increased regulatory pressures and legal cossts while discussing how the company badly missed its Q4 earnings estimates. “Our bottom line earnings reflect an environment that remains challenging- with businesses working through issues like spread compression and regulatory changes – as well as the costs of putting legacy issues behind us,” Corbat said in a statement.

Spain Debt Aids Euro, Dollar Falls (MarketWatch)
Today the U.S. dollar slipped, and high demand for Spanish debt eased worries regarding the eurozone. “Someone, somewhere seems to be happy to hold Spanish debt,” said Kathleen Brooks, research director at Forex.com. “The markets are optimistic that the future will brighten up for Spain and other peripherals and growth will pick up later this year.”

Exclusive  PORTFOLIO UPDATE

Like This Article?
Now Get Mark's 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


img
previous article

Despite a relatively calm week, U.S. stocks have shot out of the starting blocks in 2013. And you've had a very strong start to the year in your Dividend Pro portfolio. Gains above 7% in the first half of January alone include:

  • Rentech Nitrogen Partners, L.P. (RNF), soaring 17.06%
  • CVR Partners, LP (UAN), jumping 10.70%
  • Two Harbors Investment Corp. (TWO), climbing 10.65%
  • Omega Healthcare Investors Inc. (OHI), rising 9.01%
  • Apoll

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.

Product Details

LEARN MORE HERE

Bryan Perry

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.

Product Details

LEARN MORE HERE

Jim Woods

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:

Product Details

LEARN MORE HERE

Bob Carlson

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.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

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:

Product Details

LEARN MORE HERE

DividendInvestor.com

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.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE