Dow Reaches Second Straight Record High; Dell Leads Techs (DELL, SPLS)

On Wednesday stocks extended mild gains and led the Dow to reach its second straight record high. The release of several encouraging economic reports boosted the markets in the US, including news of an unexpectedly large rise in private sector employment and modest housing market recovery noted in the Federal Reserve's Beige Book. Global markets saw gains as well with Asia's Nikkei reaching a four-and-a-half year high. Tech stocks had another strong day with a late surge from Dell (DELL) and gains made by Cisco Systems Inc. (CSCO) and Intel Corp. (INTC) as well.

Apple (AAPL) continued to fall though after price targets were cut by several brokers. Ahead of the European Central Bank's meeting the euro fell against the US dollar.

Word on the Street

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Published on Mar 6, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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