Market recap: The Dow and S&P closed at record highs as weekly jobless claims fell 24K and...


Market recap: The Dow and S&P closed at record highs as weekly jobless claims fell 24K and the Philly Fed printed at 19.8, its highest level in more than two years. Bernanke's encore on Capitol Hill didn't hurt either, as the Chairman reassured investors that the Fed is "not talking about tightening." Shares of UnitedHealth soared as the insurer topped profit estimates, Morgan Stanley posted solid gains after turning in a better than expected quarter and announcing Fed approval for buybacks, eBay and Intel weighed on the Nasdaq, and Dell adjourned its special shareholder meeting until July 24. Gold futures closed higher for the seventh time in nine sessions.
Comments (5)
  • Macro Investor
    , contributor
    Comments (8975) | Send Message
     
    My number for S&P by August end is 1730. Vix to 12.5.
    18 Jul 2013, 04:57 PM Reply Like
  • mobyss
    , contributor
    Comments (2402) | Send Message
     
    Google earnings?

     

    Detroit bankruptcy?

     

    Who cares - Bernanke will print, Print, PRINT and that's all that matters anymore.

     

    How about S&P 1850 and VIX to 7? Why be modest?
    18 Jul 2013, 05:23 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8975) | Send Message
     
    I like to keep it real.
    18 Jul 2013, 05:28 PM Reply Like
  • tystites
    , contributor
    Comments (87) | Send Message
     
    Reality. . .
    What a concept.
    18 Jul 2013, 06:28 PM Reply Like
  • Morrison International Acco...
    , contributor
    Comments (452) | Send Message
     
    Illuminati
    18 Jul 2013, 08:14 PM Reply Like
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