Dow Jones and S&P break record highs

<p>New highs have been recorded on the Dow Jones and S&P.</p>

The Dow Jones and Standard & Poor's 500 both reached a new record high yesterday (April 3rd) as the markets continue to recover from the effects of the global recession.

Standard & Poor's 500 closed at a record high of 1,570, while the Dow rose 89 points to end the day of trading at 14,662, after an earlier intraday high of about 14,684.

According to a report by BBC News, the Dow has now more than doubled in value since March 2009, when it plummeted to less than 6,550 points.

A US Department of Commerce report showed new orders for manufactured goods rose three per cent in February and this helped to fuel the growth in the markets yesterday.

The FTSE 100 has also been seeing strong growth over the course of the last few weeks and the London-based index was up by more than one per cent on the back of the news that Vodafone may be subject to an acquisition bid.

Find up to date information on the FTSE 100 and spread betting strategies at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.