S&P 500 Set New Record

**intelligent** Wed Dec 06, 2006 7:29 am

S&P 500 Set New Record
The U.S stock market was expanded with the S&P500 hitting six years high as the investors spotlighted the positives in the day’s mixed economy. The S&P index added 0.4 percent by closing its session at a six-year high. The U.S treasuries market was tripped giving rise to the corresponding yields, while the U.S dollar was fighting against the other currencies. Oil prices ended with little change after fluctuating all through the day.

For more information visit financialdata.blogspot.com and investormarketnews.blogspot.com

And our website: www.gnutrade.com

**patanx** Wed Dec 06, 2006 2:26 pm

A 2-day rally in U.S. stocks faltered.
With the Standard & Poor's 500 Index at a six-year high and the Dow Jones Industrial Average within 41 points of a record, anticipation before the November jobs report later this week moderated the moves in the market.

Earnings have peaked for some of these companies, so it's going to take more evidence that the economy is in for a soft landing and a consensus builds that the Fed will cut rates.

The S&P 500 was down 0.1%. The Dow average lost 0.1%, to 12,315.10.

Stocks are headed toward their 1st decline in 3 days. The S&P 500 yesterday closed at a level not seen since November 2000 on signs that service industries, the biggest part of the economy, are growing and inflation remains in check, giving the Federal Reserve leeway to reduce interest rates.

There's been a push-pull between the group that thinks the Fed will be successful and engineer a soft landing, and the other group fearing that we're due for a hard landing. That's why the market reacts to every piece of data.

**intelligent** Thu Dec 07, 2006 5:03 am

S&P500 set new record
oh! Is the Federal Reserve going to reduce the interest rates keeping in mind the inflation issue?