Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, March 17, 2010

Wednesday

The Dow Jones Industrial Average climbed to a new 17-month high, logging its seventh straight daily gain, as investors piled into risky assets a day after the Federal Reserve said it would keep interest rates low for some time. Worries about new rules limited the financial sector's performance, especially in the afternoon. Meanwhile, health-care stocks which have been stirred up lately were also under pressure for much of the session before ending just above the flatline. In other markets, the yen gained, while the euro and the pound fell. DJIA +47.69 Nasdaq +11.08 S&P 500 +6.75.