Click the chart for more stock market data.
NEW YORK (CNNMoney)
The Dow Jones industrial average, S&P 500 and Nasdaq added 0.4%.
Investors have been pulling back a bit after the strong start to the year. All three indexes are up between 5% and 7%, with the Dow just 1.3% shy of its all-time high, hit in October 2007. The S&P 500 is about 4% below its record high, also set in October 2007.
Driving the gains Tuesday were shares of OfficeMax (OMX, Fortune 500) and Office Depot (ODP, Fortune 500), which both rallied after media reports said the companies were in advanced merger talks, citing unnamed sources. Staples (SPLS, Fortune 500), the other major office supplies retailer, gained about 16%.
The talks come as mergers and acquisitions have picked up. Just last week, US Airways (LCC, Fortune 500) announced a merger with American Airlines parent AMR (AAMRQ, Fortune 500), Warren Buffett's Berkshire Hathaway (BRKA, Fortune 500) announced it was buying ketchup maker Heinz (HNZ, Fortune 500), and Comcast (CMCSA) announced a $16.7 billion deal for the 49% of NBC Universal that was still owned by General Electric (GE, Fortune 500).
Best Buy (BBY, Fortune 500) shares rose 4% after the electronics retailer announced late Friday that it plans to make its price-matching program permanent, starting March 3.
Shares of Google (GOOG, Fortune 500) advanced more than 3%, rising to a new all-time high of $803.58 per share.
Dell (DELL, Fortune 500) and controversial nutritional supplements company Herbalife (HLF) will announce their quarterly results after the closing bell.
A hearing is scheduled Tuesday in David Einhorn's lawsuit against Apple (AAPL, Fortune 500) Einhorn's hedge fund, Greenlight Capital has accused Apple of hoarding billions in cash and wants a judge to block a "bundled" shareholder vote, scheduled for Feb. 27. Einhorn wants shareholders to vote separately on an Apple proposal that would limit the company's ability to issue high-yielding preferred stock.
Apple CEO Tim Cook has called the lawsuit a "silly sideshow."
The National Association of Home Builders's Housing Market index fell for the first time in nearly a year in February. The index slipped to 46 in February, from 47 in January. Economists were expecting the index to rise to 48, which would have put builder confidence is at a six-year high.
Separate reports on housing starts and building permits will follow on Wednesday, and data on existing home sales will be released Thursday.
Related: Fear & Greed Index firmly in extreme greed
European markets were firmer in afternoon trading, lifted by a stronger-than-expected reading from the latest ZEW survey of German investor sentiment.
Asian markets closed lower. The Shanghai Composite lost 1.6%, the Hang Seng declined 1% and the Nikkei dropped 0.3%.
Check gas prices in your state
Gas prices rose for the 33rd day in a row. Economists are monitoring rising gas prices to gauge whether they will take a bite out of consumer spending in February.
Nationwide, a gallon on unleaded gasoline averaged about $3.748 Tuesday, according to AAA. Gas prices have risen about 33 cents, or nearly 10%, since the beginning of February.
Oil and gold prices edged higher.
The dollar lost ground versus the euro, the British pound and the Japanese yen.
The price on the 10-year Treasury rose, pushing the yield down to 1.99% from 2% late Friday. 
First Published: February 19, 2013: 9:41 AM ET
Anda sedang membaca artikel tentang
Dow, S&P at new 5-year highs
Dengan url
http://kasiatbuatsehat.blogspot.com/2013/02/dow-s-at-new-5-year-highs.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Dow, S&P at new 5-year highs
namun jangan lupa untuk meletakkan link
sebagai sumbernya
0 komentar:
Posting Komentar