DOW UP FOR 10TH STRAIGHT DAY: Here's What You Need To Know, March 14, 2013

View this email online | Add newsletter@businessinsider.com to your address book
		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Thursday, March 14, 2013 Advertisement The Dow's epic winning streak has now gone on for 10 days. First the scoreboard: Dow: 14,538, +83.8 pts, +0.5 percent S&P 500: 1,563, +8.7 pts, +0.5 percent NASDAQ: 3,257, +13.8 pts, +0.4 percent And now the top stories: The Dow Jones Industrial Average has gone on 10-day win streaks only 11 times since World War II.  The last time it accomplished this before today was 16 years ago.  Meanwhile, the S&P 500 is just two points an all-time high. The good news about the U.S. economy continues to roll out.  This morning we learned that initial weekly jobless claims unexpectedly fell to 332k from 342k a week ago.  This brought the four-week moving average down to its lowest level since March 2008. The reporting period for the current jobless claims data was for the week ending March 9.  This means it was the first full week since the sequester kicked in.  And that wasn't the only thing preventing claims from falling further.  "Seasonal adjustment factors were actually unsupportive for claims this week, so their outperformance here could be seen as evidence that the layoff side of the equation continues to improve quite notably," said TD Securities' Gennadiy Goldberg. UBS's Art Cashin and BTIG's Dan Greenhaus poured some cold water on everyone's enthusiasm by saying that there was nothing special about the current stock market rally.  "But at this point in 2012?" asked Greenhaus rhetorically.  "The S&P 500 was higher by 11% and as of 46 days into the year, 2013 is exactly where 2012 was. So while ebullience is spreading like wildfire, justified to some degree, there isn’t anything special about this rally, at least that we didn’t see just one year ago." Don't Miss: GAS, COFFEE, BITCOINS: Here's What Everything Looks Like Priced In Gold > BI Intelligence, a new subscription research service from Business Insider, provides in-depth insight, data, and analysis of the mobile industry. Access all reports, research updates, presentations, data and chart libraries plus much more with your free trial. Click here to start your subscription>> Please follow Money Game on Twitter and Facebook. Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

If you believe this has been sent to you in error, please safely unsubscribe.