All three major stocks indexes hit yearly highs midday Monday, as news of healthy economic expansion in Japan caused energy and materials sales to surge.
The Dow Jones Industrial Average recently gained 135 points, or 1.3%, to hit 10405, all but one of its 30 components in the green. The Standard & Poor's 500 spiked 17 to 1111, while the Nasdaq Composite saw a 29 point increase, reaching 2197.
Japan’s announcement of a 4.8% annual increase in their Gross Domestic Product caused commodities prices to rise internationally. Oil and gold also experienced gains with the former rising $2 to $78.35 a barrel. The US dollar was hurt by the report, hitting the lowest point in 15-months.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on the Internet at www.equitiesmagazine.com, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
Sign up for a free one-year subscription to EQUITIES Magazine.
