Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Wednesday, April 20, 2011

Wednesday

Strong earnings from the technology sector and a bigger-than-expected rise in existing home sales sent the Dow Jones Industrial Average to a nearly three-year high today. The Dow rose 1.52% to its highest closing level since June 5, 2008. Intel led the Dow with a jump of 7.8% after the chip maker posted first-quarter earnings and revenue above analysts' expectations along with a second-quarter revenue outlook that topped Wall Street estimates. U.S. economic data also provided a lift after the National Association of Realtors said existing-home sales increased 3.7% in March. DJIA +186.79 Nasdaq +57.54 S&P 500 +17.74.