The Dow records six straight days of gains $DJI.I
- Published: 16 March 2012
- The Dow has now strung together six straight days of gains to be up 435 points or 3.5%. The last time the market strung six days of gains together was in February of 2011 when it went on to record eight straight days of gains to rally 3.7% or 436 points
- The Philadelphia Federal Reserve Bank's Business Activity Index rallied for the 5th month in succession rallying from 10.2 to 12.5. Adding to the positive report was news that manufacturing in the New York region expanded in March at its fastest pace since June 2010
- Apple touched $600.01 per share to make an all time high before pulling back to close at $585.56 per share
- Banking stocks again led the charge with the KBW Bank Index 2.6%
- Leading the gains on the Dow was BAC and JPM up 4.52% & 2.57%
- DOW 0.44%, S&P500 0.60% and NASDAQ 0.51%
- USD softened against JPY after recent heavy falls, the AUD up overnight
- Gold rallied by 0.8% and Crude was weaker on rumours the US will release oil from their Strategic Oil Reserve to help ease prices
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