Why is it happening, how long will it last, investors are asking
GENEVA, SWITZERLAND – Low interest rates that provide little investment incentive plus good news about the US job market may have sparked the big push Tuesday that led to a record high for the Dows Jones Industrial Average of 14,253.77 (previous closing high in October 2007: 14,164.53). And the Dow went even higher Wednesday, but the upbeat headlines this made aside, there is little in the story for average investors to get excited about, analysts are saying.
Meanwhile, gold prices are heading down and gold shares funds are being hit by a selloff, reports the Financial Times, as stock markets rally.
European markets rose Wednesday on the tail of the Dow rally, based on “stimulus hopes” reports Reuters.