Topic: Dow Jones Industrial Average

Dow soars to new heights

By Frazier Allen | March 6, 2013 |

Clarksville, TN – At the end of February, the Dow Jones Industrial Average closed just shy of its all-time high.

Less than a week later, the index fulfilled its promise, trading as high as 14,286.37 to break both its record close of 14,164.53, on October 9th, 2007, and its intraday high of 14,198.10, reached around the same time.

The index closed at a new high of 14,253.77. «Read the rest of this article»

Fiscal cliff may derail Market momentum gathered in November

By Frazier Allen | December 5, 2012 |

Clarksville, TN – Even though the market indexes showed little change in November, the end of 2012 looks promising as the U.S. economy rebounded despite a highly contentious election cycle and the devastating effects of Hurricane Sandy thanks to some encouraging numbers from key indicators.

The Dow Jones Industrial Average experienced a post-election trough and ended the month north of 13,000, but still flat compared to the end of October. The NASDAQ mirrored the DJIA, bottoming at 2,837 on November 15th to close at a near month-high at 3,010. Likewise, the S&P 500 rallied from a low of 1,353 for November to end the month at 1,416. «Read the rest of this article»

Market Update: November seems promising after an eventful October

By Frazier Allen | November 5, 2012 |

Clarksville, TN – This has been an interesting month, to say the least. Not only did we mark the 83rd anniversary of the Black Tuesday stock market crash, but we also saw Hurricane Sandy shut down the New York Stock Exchange for two days during the final week of the month.

The last time a hurricane closed the NYSE was September 1985. We have to go back to 1888 for the last time markets closed on consecutive days due to weather. «Read the rest of this article»

Market Update: Strong Quarter Ends Weakly, Unanswered Questions Linger for End of Year

By Frazier Allen | October 7, 2012 |

The stock markets have rallied nicely from the start of summer, recently hitting levels not seen since December 2007. Unprecedented steps taken by central bankers in the U.S. and across the globe have sent investors to the equity markets, and the results have been impressive.

The Dow Jones Industrial Average climbed 4.3% to finish the quarter at 13,437. The S&P 500 surged 5.8% to close the quarter at 1,441. But the Nasdaq enjoyed the biggest climb, advancing 6.2% to end the third quarter at 3,116. The energy, consumer discretionary, technology and telecommunications, and finance sectors led the charge, while utilities was the only major sector to lose ground. «Read the rest of this article»

Markets set stage for best quarter in more than Two Years

By Frazier Allen | April 8, 2012 |

Clarksville, TN – The first quarter of 2012 enjoyed a period of relatively lower volatility as the Dow Jones Industrial Average rose to 13,212.00 points, setting the stage for the best quarter in more than two years. Rising, too, were 25 of the Dow’s 30 components.

Not to be left out, the S&P 500 was up 12% at the end of the quarter – its largest first-quarter gain in more than 10 years – after it rose to 1,408.47 points. Rising most among its 10 major industry groups were consumer-related and healthcare sectors. «Read the rest of this article»

Volatile October Ends Five-Month Down Trend

By Frazier Allen | November 2, 2011 |

Clarksville, TN – October was a volatile month in the markets. The beginning of the month saw stocks move higher on mostly upbeat third-quarter earnings reports, eased recession fears and optimism on progress toward resolving the European debt crisis.

Toward the end of the month, U.S. stocks again rallied on news of a Greek debt deal that expanded the region’s bailout fund and on news that U.S. gross domestic product grew faster than in the previous period. «Read the rest of this article»

Investor Fears Spark U.S., World Market Selloffs

By Frazier Allen | September 23, 2011 |

Clarksville, TN – A steady drip of weak economic performance figures from around the globe combined with a grim assessment of near-term U.S. economic prospects pushed investor confidence over the edge Thursday. Some Asian and European markets lost as much as 5% of their value. U.S. markets dropped similarly during the day, although losses diminished somewhat as trading drew to a close.

For the record, the Dow Jones Industrial Average fell 391.01 points or 3.51% to finish the day at 10,733.80, while the broader S&P 500 dropped 37.2 points or 3.19%, to close at 1,129.56. The Nasdaq declined 82.52 points or 3.52% and closed at 2,455.67. This followed significant losses in all the indices in the previous trading session. It was the fourth consecutive day of domestic market losses. «Read the rest of this article»

Stocks Drop Broadly in “Flight to Safety”

By Frazier Allen | August 20, 2011 |

Clarksville, TN – Stocks fell sharply Thursday as investors reacted to gloomy U.S. economic reports and fears about the stability of European banks by dumping equities in favor of safe haven assets such as U.S. Treasuries.

The Dow Jones Industrial Average dropped 419.63 points, or about 3.68%, while the broader S&P 500 Index declined 53.24 points, or 4.46%, and the tech-heavy Nasdaq index fell 131.05, or 5.22%. The decline followed similar slumps in Europe, where investors dumped bank stocks and sent major indices down by 4% to 6%. «Read the rest of this article»

Markets Tumble on Signs of Weakening Global, U.S. Economies

By Frazier Allen | August 5, 2011 |

Clarksville, TN – Stocks fell sharply yesterday around the world, accelerating a widespread decline that began as the United States approached the August 2 deadline for averting default and then resumed with even more intensity after a brief rally when a debt/budget deal was reached in Washington.

On Thursday, the Dow Jones Industrial Average fell 512.76, or 4.31%, while the broader S&P 500 dropped 60.27, or 4.78%, and the tech-oriented Nasdaq declined 136.68, or 5.67%. «Read the rest of this article»

Dow dips below 8,000 as economic concerns skyrocket

November 19, 2008 |

Shopping for a bail-out.

As the holiday shopping and travel season approaches, worries over the economy are having a sobering impact on the retail season that is usually the most profitable time of the year for merchants.

To make matters worse, the Dow Jones Industrial Average fell below the 8,000 mark, closing at 7,997, a five-year low that is in part a reflection of the newest monetary crisis: the big 3 automakers who are shopping for a multi-million dollar bailout that could avert bankruptcy that could further compound economic woes. Standard and Poor’s slid another 6%,a five-year low. «Read the rest of this article»

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