15 Nov 2013
Unstoppable rally in Wall Street, Dow and S&P close 6 week of gains
FXstreet.com (San Francisco) - The US stocks market closed with strong note on Friday as investors are under the Yellen's effect, that means they are confidence that the Fed won't start any type of taper in the short term.
In addition lower than expected Industrial Production, capacity Utilization and NY Empire State Manufacturing index helped to build the notion of continued stimulus case.
The Dow trades above the 15,900 level for first time and the Nasdaq closed its sixth session of gains in a row. Both Dow and S&P finished at record high and its sixth straight week of gains.
The Dow Jones advanced 85.48 points or 0.54% to end the session at 15,961.70. In the week, the Dow performed 1.27% positive. The S&P 500 added 7.56 pts or 0.42% on Friday to close the day at 1,798.18. The S&P advanced 1.56% in the week.
The Nasdaq won 13.23 pts or 0.33% to finish at 3,985.97. The composite rallied 1.7% in the week.
In addition lower than expected Industrial Production, capacity Utilization and NY Empire State Manufacturing index helped to build the notion of continued stimulus case.
The Dow trades above the 15,900 level for first time and the Nasdaq closed its sixth session of gains in a row. Both Dow and S&P finished at record high and its sixth straight week of gains.
The Dow Jones advanced 85.48 points or 0.54% to end the session at 15,961.70. In the week, the Dow performed 1.27% positive. The S&P 500 added 7.56 pts or 0.42% on Friday to close the day at 1,798.18. The S&P advanced 1.56% in the week.
The Nasdaq won 13.23 pts or 0.33% to finish at 3,985.97. The composite rallied 1.7% in the week.