S&P 500 Hits New Record; U.S. Oil Reaches 16-Month High; U.S. Dollar and Euro Rise on Yen

Daily Data Flow

S&P 500 Hits New Record (Bloomberg)

The S&P reached a new record Thursday, as a second day of Congressional testimony from Ben Bernanke was followed by a decrease in jobless claims and a stock market rally. “The underlying concept of what Bernanke is trying to accomplish is taking hold in the marketplace, and that’s a good thing,” Rick Fier, director of equity trading at Conifer Securities LLC in New York, said. “The market gets the idea that a tapering is coming, the economy is improving and rates are still going to be low for a time. The initial jobless claims were better than expected. Earnings are coming in OK. All in all it’s hard not to be bullish on the market here.”

U.S. Oil Reaches 16-Month High (CNBC)

U.S. Oil Prices surpassed $108 Thursday to reach a 16 month high, supported by a drop in jobless claims and rising U.S. stock indices. “The economy seems to be rebounding, and a few signals suggest we’re coming out of the recent trough,” said Richard Hastings, macro strategist at Global Hunter Securities. “There’s a little more pricing power in the economy, and a variety of different signals suggest the economy is perking up.”

U.S. Dollar and Euro Rise on Yen (Reuters)

The Dollar and the Euro gained on the Yen Thursday, as Japanese investors grew confident that Prime Minister Abe’s Liberal Democratic Party would be victorious in July’s election. “Anything that will strengthen Abe’s position will be positive for the Nikkei and dollar/yen,” said Beat Siegenthaler, currency strategist at UBS. “The yen has not been the focus of late, but this could embolden investors and have the potential to trigger weakness.”

Exclusive  The Yield Curve Rocks Stocks but Follow the Fed

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

previous article

“FreedomFest is where the best ideas and strategies are fleshed out. I attend all three days.” -- Steve Forbes

I just returned from my big show in Las Vegas, FreedomFest, “the world's largest gathering of free minds,” and we had a record turnout of 2,500 attendees. Top speakers included Steve Forbes, Art Laffer, Jim Rogers… and

Related Posts


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


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


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


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


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



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.