Daily Data Flow: Dow Extends Record High; Fed: Government in Way of Recovery; Euro Slips against Dollar

Daily Data Flow

Dow Record Extended (Bloomberg)
Today, a report showing a jobs increase and positive comments from the Federal Reserve on the economy contributed to further rises in stocks, extending the all-time high in the Dow Jones Industrial Average. “The market’s responding to some degree to fundamentals,” Stephen Wood, New York- based chief market strategist for North America at Russell Investments, said. “The economy is growing, albeit at a frustrating pace,” he continued. “We’re seeing housing begin to contribute rather significantly to the economy.”

Fed: Government in Way of Recovery (MarketWatch)
According to a Federal Reserve survey of business contacts released today, the government is getting in the way of sustainable economic recovery. The business contacts cited fiscal and healthcare policies impeding private spending and hiring. They also noted that fiscal policies, along with higher gas prices, were responsible for slowing retail sales.

Euro Slips against Dollar (Reuters)
In advance of tomorrow’s European Central Bank monetary policy meeting, the euro fell against the dollar, as investors fear the bank may flag future interest rate cuts. “While I think lowering rates may be feasible, I doubt the ECB will take this step without giving some sort of red flag to the market at least one meeting beforehand to indicate that it may do so,” said Neal Gilbert, market strategist at GFT in Grand Rapids, Michigan. “And I believe tomorrow’s meeting is where that flag will be waved.”

Exclusive  Another Technology Play Pops up Among Momentum Stocks

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

Today, we continue our series of energy-sector ETF Talks with a natural gas-focused fund. Used for power generation, heating homes and other domestic applications, as well as fuel for vehicles engineered to run on it, natural gas is generally regarded as a cleaner alternative to gasoline and other oil-based energy sources. As energy demand continues to increase worldwide, natural gas usage should rise. An exchange-traded fund (ETF) poised to capitalize on this increased usage is the Firs

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