S&P 500 on track for best week in three months |
| Reuters - Mar 16, 2012 |
The S&P 500 inched higher on Friday in its best week in three months as two slightly softer economic reports, although curbing gains, were unable to shake the optimism over the U.S. economy that has helped drive stocks to near four-year highs.
The Dow bobbed between small losses and gains. If the blue chips finish in the black, it will mark the Dow's eighth day of consecutive gains and this would be its longest such run in more than a year.
The benchmark Standard & Poor's 500 index has risen 2.5 percent this week in its best weekly performance since mid-December. Investors, buoyant over the economic outlook, have pushed the S&P above 1,400 to its highest level since May 2008 after a surge of almost 30 percent from its low in October.
"I think it has further to go," said Jack de Gan, chief investment officer at Harbor Advisory Corp in Portsmouth, New Hampshire, who predicted 10 percent to 20 percent gains for equity markets this year. "Clearly, data in the U.S. has firmed, liquidity has been ample."
Read Full Article from Reuters
- Posted: 2012-03-16 12:19:26
| More Stock Investor Place Top Stories |
 |
|
|
|
| Stock Investor Place Top Stories Archive |
|
|
|
