Stocks: The Dow is on a roll

Written By limadu on Kamis, 07 Maret 2013 | 04.32

The Dow pushed higher to another record close Wednesday

NEW YORK (CNNMoney)

After posting a record on Tuesday, the Dow gained more ground Wednesday, rising another 0.3% to end at a new high of 14,296.39. U.S. stock futures crept higher ahead of the open Thursday.

As stocks continue their run-up, investors will get another look at the labor market on Thursday when the Department of Labor releases numbers on initial jobless claims at 8:30 a.m. ET. They'll also be on alert for news from central bank meetings in Europe.

Grocer Kroger Co (KR, Fortune 500). will report fourth-quarter results before the bell, while Internet radio company Pandora Media (P) reports after the market closes.

Petsmart Inc. (PETS)shares plunged in after-hours trading after predicting mediocre sales for 2013.SolarCity (SCTY) shares dropped after-hours after the company missed earnings estimates.

After the bell closed Wednesday, Time Warner Inc (TWX, Fortune 500), which owns CNNMoney, announced plans to spin off its Time Inc. magazine business into a separate publicly-traded company. Its shares were up slightly after hours.

Fear & Greed Index

European markets edged higher in morning trading before announcements from the Bank of England and European Central Bank. Most analysts expect both central banks to keep monetary policy unchanged, but there is a chance the Bank of England will restart its program of quantitative easing to counter poor U.K. growth prospects.

Asian markets ended mixed. The Shanghai Composite lost 1.0%, the Hang Seng was flat and Japan's Nikkei rose 0.3%. To top of page

First Published: March 7, 2013: 3:47 AM ET


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