Home > djia, indice, market, news, stock > No sell in may and go away?

No sell in may and go away?

NEW YORK (MarketWatch) — U.S. stocks surged Monday, with retailers rallying after a report showed consumer spending at a record level and as investors took heart from the latest merger activity, including UAL Corp.’s $3.15 billion deal with Continental Airlines Inc.

The Dow Jones Industrial Average  (INDU 11,152, +143.44, +1.30%) ended up 143.22 points, or 1.3%, at 11,151.83, its biggest one-day gain since mid-February and nearly recouping Friday’s 159-point slide.

All but one component traded higher, led by shares of Caterpillar, Inc.  (CAT 69.78, -0.16, -0.23%) , which gained 2.7%.

Alcoa Inc.  (AA 13.13, -0.02, -0.15%) was the sole decliner among the blue chips, with shares of the aluminum producer down 2.1%. more

May actually open higher for Dow. One shouldn’t be too surprise given that the stock market is so unpredictable. With the earnings so good this quarter, its hard to emulate next quarter. We shall see if it happens

Advertisements
Categories: djia, indice, market, news, stock Tags: , , , ,
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: