Stocks keep hitting record highs in America, this the time it's the S&P 500. Solid economic and corporate earnings reports have keyed the newest surge.
January 16, 2014

Via AFP:

The S&P 500 Wednesday closed at a new record following a batch of mostly solid economic and corporate earnings reports, and a modestly upbeat Federal Reserve report.

The S&P 500 jumped 9.50 (0.52 percent) to 1,848.38, edging past the prior record of 1,848.36.

The Dow Jones Industrial Average gained 108.08 (0.66 percent) to 16,481.94, while the tech-rich Nasdaq Composite Index increased 31.87 (0.76 percent) to 4,214.88.

Peter Cardillo, chief market economist at Rockwell Global Capital, said the Federal Reserve's "Beige Book" survey pointed to stronger economic conditions thro...

Continue reading...

Can you help us out?

For 17 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. When registering you will also be presented with the option to tie all your old Disqus comments to your new Insticator account. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.