Market recap: The Dow and S&P 500 closed at five-year highs amid a rally in financial...

Market recap: The Dow and S&P 500 closed at five-year highs amid a rally in financial shares, led by BofA, and upbeat earnings reports from Avon, Fossil and Michael Kors. Techs lagged, as Apple was pressured after Tim Cook failed to provide any indication of a dividend hike. Crude oil gained 0.5% to $97.51, the dollar lost ground vs. the euro and yen, while 10-year Treasurys fell in price to yield 1.982%.
Comments (6)
  • hahaha48
    , contributor
    Comments (1411) | Send Message
    iCook does not care about stock holder
    He has a big ego like Job but have nothing to back up that big ego
    It is time for stock holders to real put pressure on him and ask the board to fire him
    12 Feb 2013, 04:22 PM Reply Like
  • Tom Saga
    , contributor
    Comments (80) | Send Message
    Tim Cook should care about AAPL future products and may be nominate CVO-Chief Visionary Officer:
    13 Feb 2013, 04:55 AM Reply Like
  • sheeple2012
    , contributor
    Comments (203) | Send Message
    Avon, Fossil, and Michael Kors are now holding up the market? wow, time to go All-In, as they say in Vegas...
    12 Feb 2013, 04:22 PM Reply Like
  • Bill L.
    , contributor
    Comments (691) | Send Message
    This week's Block Trade Report:


    -Bill L.
    12 Feb 2013, 05:34 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9252) | Send Message
    What, just 3 comments!?
    12 Feb 2013, 07:56 PM Reply Like
  • Jeff_James
    , contributor
    Comments (3) | Send Message
    With AAPL Mkt.Cap. down, correlation between S&P500 and APPL is not as strong as it used to be.
    13 Feb 2013, 07:04 AM Reply Like
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