Dow Up 6.9% This Year; U.S. Jobless Claims Fall to Lowest Level Since 2000
U.S. stocks climbed higher today with the Dow and S&P 500 hitting new closing highs. Investors were pleased with the positive economic data that was released today - stronger home sales, taming of inflation, and declining jobless claims. Apple (AAPL) stock hit yet another all time high today and is approaching an important level. Apple's shares currently sit at $116.57, just 1.7% from Wall Street's 18-month price target of $118.54. If these analysts are correct, Apple is pushing the upward bound of what their shares are worth.
Word on the Street
- U.S. jobless claims fell to 291,000 last week.
- U.S. manufacturing activity hit a 10-month low.
- 10 companies that consistently prove Wall Street wrong.
- Keurig Green Mountain (GMCR) falls after news of CFO departure.
- Will stocks rise 45% by the end of 2015?
- GoPro (GPRO) announces pricing on secondary public offering.