Wall Street continues to edge higher $XAGUSD
- Published: 14 March 2013
- Major U.S Indices managed to continue their push higher by posting modest gains, extending the longest rally for the Dow Jones since 1996
- The U.S dollar rallied faster than expected. Growth in retail sales boosted optimism that the economy will continue to grow
- Top movers in the Dow Jones industrial average were IBM Corp, McDonalds Corp and Travelers Cos, posting as the Index moved higher for the seventh straight day
- Retailers helped the S&P500 higher with the renewed optimism throughout the sector as solid gains were posted by Nike Inc, Kohl's Corp and Best Buy Co. Netflix Inc. jumped 5.6 % or $10.25 after announcing new social features which will be integrated with Facebook
- DOW +0.04%, S&P500 +0.13% and NASDAQ +0.09%
- Yields on 30 year Bond rates were little changed overnight after posting gains earlier in the session
- The dollar rallied following the stronger than expected retails sales numbers posting a 3 month high against the Euro which is currently trading at 1.2956 this morning.
