Market Overview

Indices See Multi-Year Highs

Markets are firing on all cylinders this Tuesday. Jones Industrial Average (.DJIA :DOW JONES GLOBAL INDEXES) and the S&P 500 (.SPX :INDEX) reaching their highest levels since May and June of 2008, respectively, whereas the Nasdaq (COMP :NASDAQ)is seeing its best level since December 2000.

Having shied away from the key psychological 13,000 level except for a couple of brief moments last week, the Down Industrial Average is poised to have its first close above the level, if it does not see an after-lunch pullback. Currently up 26.11 or 0.2 percent on the session, it rides at 13,007.62, a level not seen since the first week in May of 2008. The average is up 6.4 percent for 2012.

The S&P 500 is also seeing a level it has not visited since June 2008. It is currently trading at 1,371.46, up 3.87 points on the day (0.28 percent). It is currently up 8.9 percent for the year.

Also trading at levels not seen since since early in the millenium (December 2000) is the Nasdaq Composite Index. Currently, it sits at 2,984.53, up 18.37 or 0.62 on today's session. Importantly, it is up almost 12 percent year-to-date.

New Apple (NASDAQ: AAPL) all-time highs are helping the indices soldier upward. AAPL reached $533.20 briefly, to hover slightly lower at $532.12 at the time of this writing. Other notable active gainers for today include Bank of America (NASDAQ: BAC), Michron Technology (NASDAQ: MU), Citigroup (NYSE: C) and JP Morgan (NYSE: JPM), who have gained, respectively, 0.87%, 6.02%, 1.55% and 0.82% on today's session.

Posted-In: News Sector ETFs Broad U.S. Equity ETFs Movers & Shakers Psychology Global Economics Intraday Update Best of Benzinga

 

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