S&P 500 closes above 1,900 for first time - US News
stocks rise; S&P 500 hits 1,900 Dow Jones Industrial Average turns green for the year Want to see how this story relates to your watchlist? Just add items to create a watchlist now: By Victor Reklaitis and Anora Mahmudova , MarketWatch NEW YORK (MarketWatch) After three straight days of advances, the U.S. stock market finished the week with solid gains, sending the S&P 500 above the 1,900 level, a first on a closing basis. Fridays gains sent the Dow Jones Industrial Average into positive territory for the year, alongside the S&P 500 and Nasdaq Composite.
STOCKS RALLY, S&P 500 CLOSES AT RECORD HIGH: Here's What You Need To Know - Yahoo Finance
Many of these stocks are still overpriced, and I suspect that the recent strength in these names is due to short covering. This doesnt mean that I think these are bad investments longer term. But from a long-term standpoint, I think investors need to look for a better entry point. From a short-term standpoint I think they are vulnerable to the downside, and you have been given a good opportunity to take profits.
2. Best Buy had a strong day Thursday after better than expected earnings. EBay remains in the spotlight amid criticism that it was slow to inform customers about a hacking incident. CBS ( CBS , Fortune 500 ) was declining by roughly 2%. Hewlett-Packard ( HPQ , Fortune 500 ) also fell in extended trading after it announced plans to cut 11,000 to 16,000 jobs on top of the previously announced 34,000 job cuts.
3 Growth Stocks to Sell Now
Other major indexes haven't fared any better. The Dow Jones industrial average and the Nasdaq composite are barely positive for 2014. The market's five-year bull run has slowed as investors become more evenly split between those that remain optimistic on the outlook for stocks and the economy, and those that think it's time for a sell-off. Investors haven't seen a "correction," Wall Street-speak for a drop of 10 percent of more, for an unusually long time. "People have been waiting for this huge correction, but as soon as we have even a little bit of a pullback, people see the value in it, and they're jumping in," said Karyn Cavanaugh, senior market strategist at Voya Investment Management.
Premarkets: 5 things to know before the open - May. 23, 2014
A link has been sent. Done STOCKS RALLY, S&P 500 CLOSES AT RECORD HIGH: Here's What You Need To Know By Mamta Badkar 9 hours ago 0 shares Markets were up ahead of the three-day weekend. First, the scoreboard: S&P 500: 1,900.53 (+8.0, 0.4%) Nasdaq: 4,185.81, (+31.4, +0.8%) And now the 10 hottest stock bets top stories: New home sales were up 6.4% to an annualized pace of 433,000 units in April. We also got a significant upward revision to March's data that showed existing home sales were down a more modest 6.9% to 407,000 units.