US Indices Continue Winning Streak; Bond Yields Inch Higher (DELL, DKS)

All three major indices in the US made gains on Monday as the Dow Jones Industrial Average once again set another all-time high. The S&P rose for the seventh consecutive day as well. Treasury yields are close to eleven-month highs after rising 1 point to 2.06%. In global market news, China faces climbing inflation rates and Italy's creditworthiness was lowered causing drops in stocks on Monday. Investor Carl Icahn's Icahn Enterprises LP (IEP) has signed a confidentiality pact with Dell (DELL), pushing shares of Dell higher.
Dick's Sporting Goods (DKS) dropped about 10% after projecting disappointing profit expectations and shares of Verifone (PAY) climbed after announcing that the company will be looking for a new CEO. Oil futures recovered from earlier losses after the dollar weakened and several demand concerns diminished.

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Published on Mar 11, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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