The reproduction of the story/photograph in any form will be liable for legal action. Facebook CEO and co-founder Mark Zuckerberg has also had a good year, as his net worth is up by $1.21 billion, at $74 billion. While I don't know if we'll see one on the order of magnitude that we saw with Visa, even a 3 for 2 or 2 for 1 split would lower Boeing's weight to a more normal level.
The Nasdaq Composite added 45.95 points, or 0.63 percent, to 7,307.01.
Also Wednesday, the S&P 500 gained 0.9 percent, closing at 2,802.56.
The Dow Jones industrial average rose 173 points, or 0.7 percent, to 25,966.
Top Pick for Thursday: PNM Resources, Inc. But the rally petered out as investors weighed political developments against quarterly earnings reports and economic data both presently underpinning Wall Street's optimism. When stocks are *very* In Play one can see a RVOL of 5 and above. SPDR Dow Jones Industrial Average ETF has a one year low of $196.69 and a one year high of $257.97. However, small cap stocks have greater potential for growth. Chris Zaccarelli, of the Independent Advisor Alliance in Charlotte North Carolina said: "We're in the latter stages of this bull market, but the final stage could last another two or three years given the length of the run so far".
But many companies have said the windfall will go to increased payments to shareholders and share buybacks rather than more investments and job creation. The ex-dividend date of this dividend is Friday, December 15th.
Benchmark West Texas Intermediate crude fell more than a dollar in New York to settle at US$63.73 per barrel. A high degree of volume indicates a lot of interest in a stock. The firm owned 2,273 shares of the exchange traded fund's stock after selling 409 shares during the quarter. After a recent check, PNM Resources, Inc. (IBM) rose 2.8% after Barclays upgraded the stock to overweight from underweight.
Technology and health care companies were leading the gains in midday trading Wednesday.
Gold has dropped, oil is steady and iron ore is tracking higher.
Citigroup shares rose 0.6% to $77.34 after earnings topped expectations - the latest major US bank to post results for the fourth quarter.
The pan-European FTSEurofirst 300 index lost 0.09% and MSCI's gauge of stocks across the globe gained 0.19%. Analysts mean recommendation for the stock is 3.20.
Billionaire investor Sam Zell said on CNBCs Squawk Box Tuesday morning, I think the current situation seems like irrational exuberance. Zell was echoing a widely-quoted statement that then-Federal Reserve Chairman Alan Greenspan issued in 1996, when the market was frothy.