More gains as stocks post new highs $XNAS
- Published: 12 April 2013
- US equity markets continued their push higher with both the Dow Jones and S&P 500 posting new record highs. Stocks were buoyed as retailers gained after improving sales numbers and jobless claims dropped more than forecast
- The S&P 500 climbed 1.2 per cent yesterday to a record as a report showed China's imports grew faster than economists had expected
- Pfizer Inc, Travellers Cos and Verizon communications were all strong performers to leads gains in the Dow Jones Industrial Average which also posted a new high. Earnings season steps up a gear tomorrow with JPM Morgan Chase and Wells Fargo both reporting
- DOW +0.42% S&P500 +0.36% and NASDAQ +0.09%
- The dollar weakened against 14 of 16 of its major peers as the US Dollar Index dropped 0.3 percent to be trading at its lowest level in the last month as investors continue to take the view that central banks will continue to provide economic stimulus
- Crude Oil fell more than 1 per cent leading commodities lower as the International Energy Agency trimmed its forecast for global demand to close at $93.51 per barrel
