A brief of global shares on Tuesday Feb.26(7:09 AM - 27/02/2014)
Stocks finished flat on Wednesday with investors hesitant to make a big move on the day before comments from Federal Reserve Chair Janet Yellen, though retailers' shares rallied on results for a second day. The S&P 500 once again briefly broke above its 2013 year-end closing level of 1,848.36, which has served as resistance, but failed to hold above it, analysts said. The index remained down 0.2 percent for the year. The S&P 500 reached a record intraday high of 1,858.71 on Monday, but was unable to hit a record close. The Dow Jones industrial average .DJI rose 18.75 points or 0.12 percent, to end at 16,198.41. The S&P 500 .SPX inched up a mere 0.04 of a point to finish at 1,845.16. The Nasdaq Composite .IXIC added 4.477 points or 0.10 percent, to close at 4,292.064. On the economic front, new home sales surged to a 5-1/2-year high in January, far exceeding expectations. While much recent data has been below forecasts, analysts have attributed that to bad weather rather than worsening
A brief of global stocks on Thursday, Feb.27 (7:50 AM - 28/02/2014)
The S&P 500 closed at a record on Thursday and ended in positive territory for the year after Federal Reserve Chair Janet Yellen said harsh weather seems to be to behind recent U.S. economic softness. That gave some relief to investors who supported the view that heavy snowstorms and unusually cold weather - and not worsening fundamentals - were to blame for weak U.S. employment, retail sales and other data.
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