It's The Economy Stupid: Market Close

S&P 500 Sets 8^th Record High In Last 9 Sessions

 

Description	Ticker	Last	CHANGE	% Chg Today	Pct Chg 1Yr
STOCK MARKETS
Dow Jones Industrial Average	INDU Index	15215.250	123.5700	0.8188	19.5157
S&P 500 Index	SPX Index	1650.340	16.5700	1.0142	23.1914
S&P 400 Mid Cap Index	MID Index	1200.850	13.0000	1.0944	25.8579
S&P 600 Small Cap Index	SML Index	466.570	-2.3100	-0.4900	24.6298
NASDAQ 100 Index	NDX Index	2996.047	13.9570	0.4680	15.6187
NASDAQ Composite Index	CCMP Index	3462.609	23.8180	0.6926	19.2011
Russell 3000 Index	RAY Index	981.540	10.0600	1.0355	23.6632
Russell 1000 Index (Large Cap)	RIY Index	915.980	9.2300	1.0179	23.4535
Russell 2000 Index (Small Cap)	RTY Index	985.960	12.1700	1.2498	26.2815
Wilshire 5000 Total Market	W5000 Index	17430.730	175.5300	1.0173	23.7998
TREASURIES	% Yield
3 Month Treasury	0.0456		0.0000	0.0000
6 Month Treasury	0.0862		0.0100	14.2857
2 Year Treasury	0.2390	99.773	-0.0078	-0.0078
5 Year Treasury	0.8393	98.914	-0.1328	-0.1341
10 Year Treasury	1.9486	98.031	-0.4297	-0.4364
30 Year Treasury	3.1618	94.000	-1.0469	-1.1014
ENERGY
Crude Oil, Brent Index	Brent Crude	102.620	-0.2000	-0.1945	-3.0623
Crude Oil, Louisiana Lt. Sweet	LA Lt Sweet	103.110	-0.8600	-0.8272	-3.5900
Natural Gas, Henry Hub Index	Nat Gas	4.021	0.0960	2.4459	13.8628
PRECIOUS METALS
Spot Gold $/oz	GOLD	1425.830	-4.7500	-0.3320	-8.3458
Spot Silver $/oz	SILVER	23.450	-0.2255	-0.9525	-16.7904
CURRENCIES
Euro	EUR Curncy	0.773	0.0022	0.2855	-0.9361
Japanese Yen	JPY Curncy	102.290	0.4700	0.4616	-21.9224
British Pound	GBP Curncy	0.657	0.0029	0.4436	5.5842
Swiss Franc	CHF Curncy	0.966	0.0080	0.8354	-2.8219
Canadian Dollar	CAD Curncy	1.018	0.0069	0.6828	-1.1619
Chinese Renminbi	CNY Curncy	6.143	-0.0039	-0.0634	2.9221
FOREIGN INDICIES
FTSE 100 INDEX	UK	6686.060	54.3000	0.8188	22.3316
CAC 40 INDEX	FRANCE	3966.060	20.8600	0.5287	29.6950
DAX INDEX	GERMANY	8339.110	59.8200	0.7225	29.2491
NIKKEI 225 INDEX	JAPAN	14758.420	-23.7900	-0.1609	65.8112
HANG SENG INDEX	HONG KONG	22930.280	-59.5300	-0.2589	15.2605

 

U.S. Stocks Advance on Increased Optimism Over Economic Growth

 

U.S. stocks rose, sending the Standard & Poor’s 500 Index to its eighth record high in the past nine sessions, on increased optimism over growth in the world’s largest economy.  The S&P 500 advanced 1 percent to 1,650.39 at 4 p.m. in New York.  The U.S. bull market has entered its fifth year. The S&P 500 has surged 144 percent from a 12-year low in 2009, driven by better-than-estimated corporate earnings and three rounds of bond purchases from the Federal Reserve.

         

Confidence among small businesses climbed in April to a six-month high as the outlook for the economy and sales

brightened, the National Federation of Independent Business’s optimism index showed today.

 

David Tepper, co-founder and owner of Appaloosa Management LP, said in an interview on CNBC that he is still bullish and the economy is getting better. Tepper, who led Institutional Investor’s ranking of the top earners in hedge funds last year with $2.2 billion, said in January in a Bloomberg Television interview that the U.S. “is on the verge of an explosion of greatness.”

    

Money managers are the most bearish on commodities in more than four years as a majority expected a weaker Chinese economy for the first time in 14 months, a Bank of America survey showed. A net 29 percent of the fund managers surveyed were underweight the asset class in May as their positions “collapsed” to the lowest level since December 2008. One in four now consider a “hard landing” in China as the biggest risk to their investments. The bank surveyed professional investors who together oversee $517 billion.