green arrowU.S. stock indexes stop just below 2012 highs and post six weeks of gains

On Friday, August 17th, the S&P 500 (NYSEARCA:SPY) closed within 1 point of its 2012 closing high and the Dow Jones Industrial Average (NYSEARCA:DIA) finished 4.12 points below its May 1, 2012 closing high.  Volume and volatility remain at extreme lows as the dog days of summer continue.  This week’s action marked the sixth week in a row of positive finishes for both the Dow Jones Industrial Average (NYSEARCA:DIA) and the S&P 500 (NYSEARCA:SPY)

Consumer sentiment rose in August and July leading indicators advanced 0.4%, beating expectations and improving on last month’s negative reading of -0.4%.

The Nasdaq 100 (NYSEARCA:QQQ) gained 0.44% and the Russell 2000 Index

 

John Nyaradi, Publisher of Wall Street Sector Selector, appears on Money Life Show hosted by Chuck Jaffe, senior columnist for MarketWatch.

Chuck Jaffe is senior columnist at MarketWatch and writes three weekly columns that are nationally syndicated.  His “Your Funds” column is the most widely read column on mutual fund investing in America and in 2009, Chuck was named to Mutual Fund Wire’s list of the top 40 Most Influential People in Fund Distribution, the only journalist ever to make the list.

In our interview, Chuck and I discuss a wide range of topics including today’s macro

green arrowU.S. stock indexes powered closer to 2012 highs on strength in the tech sector, hopes for more central bank support and stabilization in Europe.

For the day, the Dow Jones Industrial Average (NYSEARCA:DIA) gained 85 points, 0.65%, the S&P 500 (NYSEARCA:SPY) added 0.71%, the Nasdaq 100 (NYSEARCA:QQQ) jumped 1.2% and the Russell 2000 (NYSEARCA:IWM) climbed 1.1%.

Facebook crumbled to new lows but activity in Cisco and the balance of the tech sector led to a green close for the Nasdaq (NYSEARCA:QQQ)

Today’s closing prices bring the Dow Jones Industrial Average (NYSEARCA:DIA) to within 29 points of its May 1st closing high and the S&P 500 now stands just 4 points from its April 2nd closing high.

Today’s action came on mixed economic

Dow Jones Industrial Average (NYSEARCA:DIA) and S&P 500 (NYSEARCA:SPY) gave up ground as Nasdaq (NYSEARCA:QQQ) hung on to slim gains to start the new trading week.

The S&P 500 (NYSEARCA:SPY) rallied late in the day but failed to close in the black to lose its longest winning streak since the end of 2010.

Headwinds materialized from reports indicating a slowing Japanese economy and that, combined with thin summer trade, generated the S&P 500′s (NYSEARCA:SPY) first loss in a week.

For the day, the Dow Jones Industrial Average (NYSEARCA:DIA) fell 38 points, or 0.29%, the S&P 500 (NYSEARCA:SPY) fell 0.13%, the Nasdaq 100 (NYSEARCA:QQQ) climbed 0.2% and the Russell 2000 (NYSEARCA:IWM) fell 0.26%

The global economy continued slowing which cast a

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