Stocks End Week with Record Gains

Everybody's up!

The Dow and the S&P 500 ended at record highs on Friday, closing out a sixth straight week of gains as investors continued to take cues from Federal Reserve Chair nominee Janet Yellen, who said it was too early to end the central bank's stimulus.

Based on the latest available data, the Dow Jones industrial average .DJI was up 85.93 points, or 0.54 percent, at 15,962.15. The Standard & Poor's 500 Index .SPX was up 7.56 points, or 0.42 percent, at 1,798.18. The Nasdaq Composite Index .IXIC was up 13.23 points, or 0.33 percent, at 3,985.97.

Comments

[Craig@NC]

If this isn’t another bubble in the making I’d be shocked. We’re due a severe correction. Call me cynical, but I think Yellen’s appointment is simply a statement by the administration they will do everything within their power to delay a crash until a more politically convenient point in time. When it becomes impossible to ignore away inflation, when interest rates begin to rise, gradually and then rapidly, we’re in for a dose of reality.