2013 With More Record Highs
As Father Time moves to usher in a new year, the bulls ended the current one in style by posting record highs for the Dow and S&P 500, while looking to extend their streak into 2014. Stronger-than-expected domestic Consumer Confidence and housing price reports provided the day's sustenance, despite a deceleration in regional manufacturing activity. Meanwhile, volume was light ahead of tomorrow's New Year holiday, on which all U.S. markets will be closed, and Treasuries finished mostly lower in a shortened session following the data. In equity news, Hertz Global Holdings announced a "poison pill," while private-equity firm KKR & Co disclosed a 6.8% stake in Marvell Technology Group Ltd. Crude oil prices were lower, while gold and the U.S. dollar were higher.
Source: Schwab
As Father Time moves to usher in a new year, the bulls ended the current one in style by posting record highs for the Dow and S&P 500, while looking to extend their streak into 2014. Stronger-than-expected domestic Consumer Confidence and housing price reports provided the day's sustenance, despite a deceleration in regional manufacturing activity. Meanwhile, volume was light ahead of tomorrow's New Year holiday, on which all U.S. markets will be closed, and Treasuries finished mostly lower in a shortened session following the data. In equity news, Hertz Global Holdings announced a "poison pill," while private-equity firm KKR & Co disclosed a 6.8% stake in Marvell Technology Group Ltd. Crude oil prices were lower, while gold and the U.S. dollar were higher.
Source: Schwab
