Markets Rise Again Wednesday as the Dow Hits 5-Year High (TGT, PCLN, AAPL)

Investors saw another positive day on Wednesday as the S&P, Dow and NASDAQ each closed up over 1%. The markets reacted positively to Ben Bernanke again showing his support of the Fed's stimulus policies during testimony to the House Financial Services panel. Stocks also got a boost from higher-than-expected gains in pending home sales and orders of durable goods. Shares of Target (TGT) fell by nearly 1% as the company reported that its Q4 gross margin rate had declined from 2011 levels. Travel site Inc. (PCLN) gained over 2.5% as the company saw Q4 net income rise by 28%.
No news came out of Apple's (AAPL) shareholders' meeting about what it plans to do with it's large reserves of cash, dragging the stock down by 1%.

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Published on Feb 27, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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