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Dow closes above 18000 for initial time this year

NEW YORK (MarketWatch) — U.S. bonds posted tiny gains on Friday, though they were adequate to lift them into record territory. The SP 500 and Russell 2,000 sealed during record levels, while a Dow Jones Industrial Average finished above 18,000 for a initial time this year.

It was also ensign day for a tech-heavy Nasdaq Composite, that finished during a top turn given Mar 2000.

Friday’s pierce aloft helped a categorical indexes finished with weekly gains for a second true week.

The SP 500

SPX, +0.41%

 closed nearby a intraday record, adding 8.51 points, or 0.4%, to 2,096.99. Over a week, a benchmark index gained 2%. Six of a 10 categorical sectors finished with gains on Friday. The appetite zone rallied as wish that oil prices have bottomed persisted amid a convene in a commodity.

The Dow Jones Industrial Average

DJIA, +0.26%

 added 46.97 points, or 0.3%, to 1,8019.35, with half of a 30 components finale with gains. The blue-chip index gained 1.1% over a week. American Express was heading a decliners for a second day in a row, as a cost aim was cut by analysts after a credit-card association announced a finish of an critical business attribute with Costco.

The Nasdaq Composite

COMP, +0.75%

outperformed other indexes, adding 36.22 points, or 0.8%, to 4,893.84. The index gained some-more than 3% over a past week.

The Russell 2000

RUT, +0.56%

 added 6.86 points, or 0.6%, to 1,223.12 and gained 1.5% over a week.

Randy Frederick, handling executive of trade and derivatives during a Schwab Center for Financial Research, pronounced he was uneasy to see a record levels start so soon.

“Options marketplace is signalling some warnings signs. Namely, a open seductiveness in put/call ratio is during really high levels. That indicates that possibly investors are really shaken or they are positioning for a pointy pullback,” Frederick said.

“The usually reason a marketplace rose to record highs is since investors consider oil is stabilizing after a few weeks of pick-up in prices and we consider that greeting was overly positive. This growth is troubling,” he said.

Markets brushed off unsatisfactory numbers from a University of Michigan consumer-confidence news earlier.

Article source: http://www.marketwatch.com/story/us-stocks-futures-set-for-solid-day-with-consumer-data-on-tap-2015-02-13

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