QE2, manufactured inflation, pumping more air into the economy… you get it. While stocks are higher this morning, the Dow Jones Industrial Average is hitting a 2010 high. The high back in April was 11,308.95 after closing out 2009 at 10,428.05… The DJIA is now up at 11,380 and the new 52-week high was put in so far this morning as 11,389.28. You can see the table below that shows the recent trends where the DJIA was petering out at about 11,260 or so:
| Date | Open | High |
|---|---|---|
| Nov 3, 2010 | 11,184.80 | 11,261.23 |
| Nov 2, 2010 | 11,125.30 | 11,266.26 |
| Nov 1, 2010 | 11,120.30 | 11,257.59 |
| Oct 29, 2010 | 11,120.45 | 11,178.43 |
| Oct 28, 2010 | 11,127.34 | 11,217.33 |
| Oct 27, 2010 | 11,168.40 | 11,172.83 |
| Oct 26, 2010 | 11,163.06 | 11,221.04 |
| Oct 25, 2010 | 11,133.40 | 11,266.30 |
| Oct 22, 2010 | 11,146.41 | 11,192.09 |
| Oct 21, 2010 | 11,105.24 | 11,249.57 |
The SPDR Dow Jones Industrial Average (NYSE: DIA) also put in year highs as you would expect, and that high was $114.02, implying a DJIA price of 11,402 before premium and discount calculations and before management fees are taken into consideration.
As far as the S&P 500 Index, it is not quite at 52-week and 2010 highs. The S&P500 price is 1,213.51. The day’s range is 1,198.34 to 1,214.20 and the 52-week trading range is 1,010.91 to 1,219.80.
The NASDAQ also hit a 52-week high of 2,577.18 today; the day’s range is 2,564.05 to 2,577.18 and the 52-week range is 2,053.00 to 2,577.18. The PowerShares QQQ (NASDAQ: QQQQ) is up 1.25% at $53.69 and the new 52-week range is $41.28 to $53.78.
JON C. OGG
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