Stocks wobble at all-time highs

NEW YORK (CNNMoney)

The Dow Jones Industrial Average was little changed in early trading. The Dow closed above 16,000 for the first time ever on Thursday. The S&P 500 and the Nasdaq were also flat.

Since January, the Dow has climbed by 22%, the S&P 500 is up by 26% and the Nasdaq has soared by 31%.

The Dow and the S&P have hit record highs this year thanks in large part to the massive stimulus program administered by the Fed, which has supported the economic recovery with monthly bond purchases.

Related: Fear & Greed Index remains in Greed territory

Mike O'Rourke, the chief market strategist at JonesTrading, said the latest move higher comes as "investors recognize the Federal Reserve is trapped in ultra-easy monetary policy."

He questioned how effective the stimulus has been and said it poses a "growing risk to financial stability," noting that many investors are increasingly worried that stocks are in bubble territory.

Related: Banks warned on high-interest loans

On the corporate earnings front, shares of Foot Locker (FL, Fortune 500)rose after the retailer reported better-than-expected quarterly results.

Microsoft (MSFT, Fortune 500) will also be in focus as the company's new Xbox One goes on sale. This is Microsoft's first new gaming console in eight years.

Shares of movie studio Lion's Gate Entertainment (LGF) were higher. Investors are betting on a huge opening at the box office for "Catching Fire" -- the second movie in "The Hunger Games" franchise -- this weekend.

European markets were mixed following an upbeat report on German business confidence, which revealed a more positive picture for November. Most Asian markets closed the week on a positive note.

First Published: November 22, 2013: 9:44 AM ET

Anda sedang membaca artikel tentang

Stocks wobble at all-time highs

Dengan url

http://kasiatbuatsehat.blogspot.com/2013/11/stocks-wobble-at-all-time-highs.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Stocks wobble at all-time highs

namun jangan lupa untuk meletakkan link

Stocks wobble at all-time highs

sebagai sumbernya