Stock Market news and stock composite trends USA today July 18, 2013:
The primary stock composites tracked through positive territory throughout the majority of today’s session and ultimately finished the day in positive territory across the board.
A mix of positively skewed corporate earnings data and economic news helped to push the Dow Jones Industrial Average and S&P 500 to new highs. Investors’ confidence was restored this week when Federal Reserve Chairman Benjamin Bernanke reiterated that federal stimulus measures would remain highly accommodative to support the U.S. economy.
Economic news was positively skewed today. The Labor Department reported that jobless claims dropped lower to approximately 334,000 last week. The four week moving average fell back as well. Adding to the positive data was data which relayed that manufacturing activity in the Mid-Atlantic region improved more than economists had been anticipating. The positively skewed data helped to push all three stock composites in the U.S. above break-even today.
Today’s Dow Jones Industrial Average, Nasdaq, S&P 500 stock index close review July 18, 2013:
The S&P 500 rose higher today by .50 percent to close at 1,689.37. The Nasdaq rose higher by .04 percent to close at 3,611.28 and the Dow Jones Industrial Average increased by .50 percent to close at 15,548.54.
Leaders on the Dow today included Boeing Co. and UnitedHealth Group. Boeing BA rose higher today by 2.7 percent to 107.63 and UnitedHealth Group UNH rose higher by 6.5 to 70.55 according to Google Finance quotes.