INQUIRER.net: US stocks rally to new record highs

INQUIRER.net Philippine News for Filipinos

US stocks rally to new record highs May 14th 2013, 23:16 NEW YORK—US stocks Tuesday surged to new all-time closing highs on renewed optimism after a prominent hedge fund manager said the stock rally of 2013 still has more room to go.   The Dow Jones Industrial Average rose 123.57 (0.82 percent) to a record 15,215.25.   The broad-based S&P 500, also reaching a new high, added 16.57 (1.01 percent) at 1,650.36.   The tech-rich Nasdaq Composite Index increased 23.82 (0.69 percent) to 3,462.61.   Analysts said there was little fresh economic news driving the gains, but pointed to bullish investor David Tepper, head of the Appaloosa Management hedge fund group, who told CNBC that the market could... Keep on reading: US stocks rally to new record highs Media files: Wall-Street-Premarket1.jpg (image/jpeg)

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