|
Investor Ideas Snapshot; Dow Continues High Streak
Category: Investment
Ideas get bigger when you share them...
Visit: Dow Jones
Point Roberts, WA - March 7, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the DOW Jones Industrial Average for March 7th, 2013.
The Dow Jones Industrial Average (^DJI) continues its upward streak, trading up $47.60 or 0.33% at $14,343.84 as of Thursday, Mar 7 th, 2013. During this time, 230.9 million shares of the 30 Dow components have changed hands versus the average daily trading volume of 620.2 million.
Now that the Dow Jones Industrial Average (has broken the $14,300 barrier many are asking: Where will it stop? With many investors hitting the market on DOW's rise, it remains up to the index's components to keep it afloat, which they continue to do with yesterday being a positive day for tech stocks, and today showing positives for the financials sector.
One of the major Dow components leading the way higher looks is Bank of America Corporation (NYSE:BAC), with a gain of $0.28 or 2.39%, bringing the stock up to $12.20. This single gain is lifting the Dow Jones Industrial Average by 1.97 points or 4.7% of the Dow's overall gain. Volume for Bank of America Corporation currently sits at 96 million shares traded, much lower than an average daily trading volume of 163.4 million shares.
JPMorgan (NYSE:JPM) is also up today, trading at $50.64 and gaining $0.61 or 1.22% to help the Dow see new heights. JPMorgan was one of the only banks to make it through the financial crisis largely unscathed, and though it has had its problems since then, it is expected to pass the Fed's stress test.
Today is the third day in a row where the DOW has continued to hit new highs and many analysts have begun updating the stocks from "hold" to "buy" as it is expected the index will continue to rise through the end of the week.
About InvestorIdeas.com:
InvestorIdeas.com is a leader in investor stock research by sector, featuring stock news, commentary and trading alerts in leading sectors including biotech, tech, mining, energy, water, renewable energy, beverage stocks and more .
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Follow Investorideas.com News on Linkedin.com/today at http://www.linkedin.com/today/investorideas.com
Sign up for the free investor news and stock alerts at Investorideas.com
http://www.investorideas.com/Resources/Newsletter.asp
Become an Investorideas.com Member and access our 14 online stock directories 24/7 - water, renewable energy, mining stocks and more…
http://www.investorideas.com/membership/
Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
800-665-0411 - Source - www.Investorideas.com
|
