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Market recap: Stocks extended this week's rally, with the Dow and S&P logging fresh closing...

Market recap: Stocks extended this week's rally, with the Dow and S&P logging fresh closing highs, helped by an upbeat labor report which, combined with sluggish growth, reinforces views that the Fed will continue to stimulate. In a momentum rally, the path of least resistance is up. Plunging PC sales weighed on big techs; H-P, Microsoft and Intel fell sharply. Crude oil was down; gold was up.
Comments (2)
  • Interesting Times
    , contributor
    Comments (12091) | Send Message
     
    Just how long can this continue?
    12 Apr 2013, 02:44 AM Reply Like
  • User 353732
    , contributor
    Comments (4937) | Send Message
     
    A record in nominal dollars is far from being a record in terms of real purchasing power.
    The more the dollar debases the higher the dollar denominated price of good stocks has to be just to preserve real wealth, much less expand it
    12 Apr 2013, 05:17 AM Reply Like
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