Biz Buzz
By Jim Martin, Doug Oathout Erie Times-News staff bloggers
Welcome to Biz Buzz, our daily blog on all things business. Turn here for breaking news on the economy, local industry and area people engaged in the region's companies.   Read more about this blog.
 Phone: 814-870-1668
814-870-1698
Posted: July 11th, 2013
Good news for your 401(k): Dow, S&P reach new highs

The Dow Jones industrial average and Standard & Poor’s 500 surged to all-time highs today. And the yield on the 10-year Treasury note continued to decline as investors bought bonds.
Some stocks of local interest rode the wave: General Electric Co. rose 40 cents a share to $23.94; Erie Indemnity jumped 82 cents a share to $80.40; and FirstEnergy Corp. climbed 53 cents a share to $37.34. Among the losers yesterday: banks. PNC, First Niagara and F.N.B. all lost ground.
The S&P 500 index jumped 22.40 points, or, 1.4 percent, to 1,675.02, surpassing its previous record close of 1,669 from May 21. The index rose for a sixth straight day, its longest streak in four months.
The Dow rose 169.26 points, or 1.1 percent, to 15,460.92, above its own all-time closing high of 15,409 set May 28.
The Nasdaq composite rose 57.55 points, or 1.4 percent, to 3,578.30.

Posted in: Uncategorized
Comments
No Responses to Good news for your 401(k): Dow, S&P reach new highs
Leave a Reply

You must be logged in to post a comment.

Switch to our mobile site