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Dow Jones Industrial reaches all time high

March 6, 2013

The Dow Jones Industrial advanced to an all time high in yesterday’s trading, after better-than-anticipated ISM survey results for the U.S. services sector. The ISM Non Manufacturing index climbed to 56 in February from 55.2 in January, signaling a continued growth trend in the U.S. services sector, which accounts for nearly 90% of the world’s largest economy. ISM Chairman Anthony Nieves said, “the economy is moving along pretty good, with companies building stocks as demand improves and employment gains are likely to continue on growing confidence.

From: LGT Navigator Abo