Dow and S&P Close at Record Highs; US Posts June Budget Surplus of $117B

The US markets jumped on Thursday after Ben Bernanke reminded everyone that the Fed would remain accommodative for the foreseeable future. Economic data showed that jobless claims hit a two-month high last week and rose by 16,000. Microsoft (MSFT) was in the news all day as it outlined a reorganization plan. Advanced Micro Devices (AMD) gained 10% on Thursday after being upgraded by Canaccord Genuity Ltd. This week during meetings US and Chinese officials began negotating a possible renewal of an investment treaty.
Oil prices fell from a fifteen-month high and the US dollar slid against most major foreign currencies.

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Published on Jul 11, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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