Dow Jones Industrial Average rising for a fifth straight mon
Posted: Wed Feb 29, 2012 8:40 pmU.S. stock indexes tally robust February gains
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) - U.S. stocks tallied modest losses on Wednesday in closing the books on robust February gains, with the Dow Jones Industrial Average rising for a fifth straight month. "A combination of good economic news and stimulus is all contributing to a good market," said Mark Martiak, senior wealth strategist at Premier Financial Advisors in New York. "Europe is moving in the right direction too, although a lot of what is going on in the sovereign-debt crisis is already priced into the market," he added. Up 2.5% for February and 6% year-to-date, the Dow shed 53.05 points, or 0.4%, to close at 12,952.07. The blue-chip index on Tuesday closed above 13,000 for the first time since May 2008. The S&P 500 Index declined 6.5 points, or 0.5%, to 1,365.68, a February rise of 4.1% and its third consecutive monthly gain, leaving it 8.6% higher from the end of 2011. The Nasdaq Composite Index declined 19.87 points, or 0.7%, to 2,966.89. The technology-laden Nasdaq rose 5.4% in February, its second straight monthly advance, which has it nearly 14% higher for 2012 so far.
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) - U.S. stocks tallied modest losses on Wednesday in closing the books on robust February gains, with the Dow Jones Industrial Average rising for a fifth straight month. "A combination of good economic news and stimulus is all contributing to a good market," said Mark Martiak, senior wealth strategist at Premier Financial Advisors in New York. "Europe is moving in the right direction too, although a lot of what is going on in the sovereign-debt crisis is already priced into the market," he added. Up 2.5% for February and 6% year-to-date, the Dow shed 53.05 points, or 0.4%, to close at 12,952.07. The blue-chip index on Tuesday closed above 13,000 for the first time since May 2008. The S&P 500 Index declined 6.5 points, or 0.5%, to 1,365.68, a February rise of 4.1% and its third consecutive monthly gain, leaving it 8.6% higher from the end of 2011. The Nasdaq Composite Index declined 19.87 points, or 0.7%, to 2,966.89. The technology-laden Nasdaq rose 5.4% in February, its second straight monthly advance, which has it nearly 14% higher for 2012 so far.