With help from ECB and PBOC, Dow and S&P 500 close at record highs

Two weeks after the Bank of Japan’s plan to inject more liquidity into the markets, world stock markets got another dose of central bank easing on Friday, as the People’s Bank of China lowered interest rates and the European Central Bank’s Mario Draghi pledged to boost inflation in Europe. Stock prices in Shanghai rose about 1.4% Friday, while share prices on European bourses increased on the order of 2%. In the United States, the Dow spurted 175 points (+1.0%) higher at the open but settled for a gain of about half that much by Friday’s close.
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Stock investors not impressed – either way – with FOMC policy minutes

Wednesday’s release of the minutes of the Fed’s October 28-29 Open Market Committee meeting initially appeared to perk up a stock market that was perhaps a little weary after a month of mostly climbing higher. But the boost proved to be short-lived, and stock prices ended the day little changed, with the S&P 500 ending Wednesday down 0.15% from the prior day’s record high.
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U.S. blue chip stocks rise despite soft industrial production data

On the Japanese economy’s fall back into recession and a weaker-than-expected report on U.S. industrial production in October, U.S. stock prices opened Monday lower, but by the end of trading, most blue-chip stocks made it back into positive territory – indeed, to a new high for the S&P 500. The S&P 500 eked out a 0.1% advance Monday, with advancing constituents outnumbering decliners by a 278-218 margin. In contrast, the S&P 600 SmallCaps fell 0.9% today, with 4 stocks going lower for every one that advanced.
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Retail sales and consumer sentiment lift S&P 500 to new high

U.S. stock prices were little changed on Friday, for the most part fighting off attempts at profit taking and ending with new highs in the S&P 500 and NASDAQ. The Dow Jones Industrial Average ended Friday down 18 points or 0.1% from Thursday’s record closing price. The S&P 500′s fractional gain on Friday, the result of advances in technology issues and bargain hunting in energy stocks, allowed it to eke out another new high. NASDAQ increased 0.2% for Friday, ending the week at a 14½-year high, thanks in part to gains in internet and other tech issues, which offset a 2% decline in biotech stocks.
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