Monexnews-the U.S. stock market ended in positive territory on the first day of trading in March, with the Dow still under 100 points from the closing price of the highest level of all time, with better results than expected ISM Manufacturing report that offset concerns over China and Europe and because investors are still confused by the issue of government budget cuts.
Dow Jones Industrial Average rose 35.17 points, or 0.25 percent to close at 14089.66, the highest closing in the last five years and catatkan reinforcement for 9 consecutive weeks on Friday. Wal-mart and Disney lead rise in index. The index of blue chips is currently 100 points below the highest price of all time on 9 October 2007 at 14,164.53.
Since 1950, March and April has been a positive month for the Dow, with an average gain of greater than 1%. Last April, in particular, has been the best month, monthly rise catatkan annual average about 1.7% in the last 20 years and 1.97% since 1950.
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