The market extended yesterday’s rally through Tuesday’s trading action, with the S&P 500 briefly touching its highest price in history before paring back slightly, while still closing at a record high. The DJIA notched impressive gains as well, while the NASDAQ bested both, rising more than a percent more than its counterparts. NASADQ's pop can be partly attributed to a sizable pop from Cisco Systems (CSCO) , who gained 3.03 percent, and Facebook Inc. (FB) , who rose 3.95 percent on the day.
The indices gains can be attributed to both an increase in manufacturing activity and positive earnings news out of the automaker industry, with mega-company Ford (F) besting earnings estimates, gaining 4.62 percent on the day amidst exceptionally heavy volume.
Market Results for April 1, 2014
- Standard & Poor’s 500: +0.70 percent to 1,885.52 points
- Dow Jones Industrial Average: +0.46 percent to 16,532.61 points
- NASDAQ Exchange: +1.64 percent to 4,268.04 points
Our Top Stories
- Senior Editor Jacob Harper explores the reasons why social media companies with “exploding,” or self-destructing, content are booming.
- Equities.com Expert columnist Dennis Miller explores the financial benefits of healthier living.
- George Brooks asks the question: is the market rounding the top of a bubble, or is this just the beginning of a big run-up?
- We announce our “April” investment opportunity, Single Stock Apple ETF ($DUM) with exceptionally high costs,that you would be a “fool” not to buy.
- In other “fool’s gold ” news, we explore why Fed Chief Janet Yellen declared the reinstatement of the gold standard after “waking up and smelling the coffee.”
- Chinese small-cap solar play JA Solar Holdings (JASO) received bullish analyst coverage from Northland Capital, sending shares higher.
- Rubicon Technology (RBCN) moved higher on a pair of upgrades spurred by increased demand for sapphire crystal that are widely used in LED manufacturing.
- Whipsaw healthcare play IsoRay (ISR) continues its weeks-long run of insane volatility on the heels of an upcoming announcement.
- Senior Editor Michael Teague compiles five outperforming outliers of the broader market within the Materials sector, culled from the Equities.com Small-Cap Stars.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer