Poet: Edgar Allan Poe
Poem of the Day:
May 25 2011
Comment 5 of 5, added on May 25th, 2013 at 3:23 PM.
GPS IIF-4 successfully launched from Cape Canaveral - Air Force Link
Stocks continued their climb into uncharted territory on Friday, racking up the fourth week in a row of gains as encouraging economic data prompted investors to buy shares of growth companies.
The Dow Jones industrial average and the Standard & Poor¡¯s 500-stock index finished at highs, driven by gains in energy and industrial shares. The indexes have pushed to a series of high levels as part of the rally that has lifted equities more than 16 percent for the year so far.
The Dow Jones industrial average gained 121.18 points, or 0.80 percent, to close at a milestone 15,354.40. The S.& P. 500-stock index rose 17 points, or 1.03 percent, to end at a record 1,667.42.
The Nasdaq composite index climbed 33.73 points, or 0.97 percent, to finish at 3,498.97 ¡ª its highest close since October 2000.
In a sign of how far the market has come, the S.& P. 500 is about 1,000 points above the low it hit in March 2009 in the wake of the credit crisis and recession.
¡°It¡¯s hard to hold this market down,¡± said Michael Sheldon, chief market strategist at RDM Financial in Westport, Conn.
Data released on Friday showed Americans felt better about their economic and financial prospects in early May, with consumer sentiment at its highest in nearly six years, while a gauge of future economic activity rose in April to a near five-year high.
¡°If you believe the economy is going to gradually get better and that global growth will improve, the parts of the market that have not benefited so far, like cyclicals, will probably be the next group to outperform,¡± Mr. Sheldon said. Cyclical industries are those that do well when times are good, like an airline that benefits from more people flying on vacation.
The S.& P. energy sector index gained 0.8 percent, with Exxon Mobil up 1.2 percent at $91.76.
Boeing shares led the S.& P. 500¡¯s industrial sector index higher with a 2.4 percent advance to $98.92, its highest since October 2007. The S.& P. industrial index rose 1.4 percent.
The rate of growth in the economy has been expected to slow in the second quarter as tighter fiscal policy started to take effect. But recent improvements, including in the labor market and retail sales, suggest the recovery remains resilient.
¡°We are still recovering,¡± said Doreen Mogavero, chief of Mogavero, Lee & Company in New York, who also noted that the comeback was slow. She added that markets in the United States, for all their troubles, were ¡°still the best place to be at this moment.¡±
Earlier in Friday¡¯s session, the Dow touched a high at 15,357.40. For the week, the Dow advanced 1.7 percent, while the S.& P. 500 climbed 2.1 percent and the Nasdaq rose 1.9 percent.
J. P. Morgan raised its year-end target for the S.& P. 500 to 1,715 from 1,580, implying a gain of just under 3.5 percent for the index for the rest of the year.
¡°We realize investors are apprehensive about making fresh money purchases, but we see the risk/reward as particularly attractive in technology, health care and financials,¡± said the client note from Thomas Lee, J. P. Morgan¡¯s United States equity strategist.
J. C. Penney shares lost 4.2 percent to $18.01 after the retailer reported another steep quarterly loss on weak sales and heavy clearance deals, and the chief executive, Myron Ullman, cautioned that he needed time to fix the company¡¯s problems.
Tableau Software, a maker of data analysis software, surged in its first day of trading as investors bet the rising interest in Big Data would drive its growth. Tableau surged 64 percent to $50.75.
The price of the benchmark 10-year Treasury note fell 22/32 to 98 5/32, increasing the yield to 1.95, from 1.88 on Thursday.
Comment 4 of 5, added on May 25th, 2013 at 3:17 PM.
Invasive Crazy Ants Are Displacing Fire Ants, Researchers Find
STOCKHOLM, Sweden, May 17 (UPI) -- In utero exposure to depression medications may increase the risk of autism spectrum disorders in less than 1 percent of cases, researchers in Sweden say.
First author Dheeraj Rai, a clinical lecturer at the Department of Public Health Sciences at Karolinska Institutet in Stockholm, and colleagues at the University of Bristol; Avon and Wiltshire Partnership Mental Health NHS Trust in Bristol, England; and Drexel University School of Public Health on Philadelphia said the study involved 4,429 cases of autism spectrum disorder -- 1,828 with and 2,601 without intellectual disability and 43,277 age and sex matched controls.
The study involved 1,679 cases of autism spectrum disorder and 16,845 controls with data on maternal anti-depressant use.
The study, published in the British Medical Journal, said parental depression and other characteristics were recorded in administrative registers before the birth of the child. Maternal anti-depressant use, recorded at the first antenatal interview, was available for children born from 1995 onwards.
A history of maternal -- but not paternal -- depression was associated with an increased risk of autism spectrum disorders in offspring, the study said. In the subsample with available data on drugs, this association was confined to women reporting anti-depressant use during pregnancy irrespective of whether selective serotonin reuptake inhibitors or non-selective monoamine reuptake inhibitors were reported, the study said.
"Whether this association is causal or reflects the risk of autism with severe depression during pregnancy requires further research," the study authors wrote in the study. "However, assuming causality, anti-depressant use during pregnancy is unlikely to have contributed significantly towards the dramatic increase in observed prevalence of autism spectrum disorders as it explained less than 1 percent of cases."
Comment 3 of 5, added on April 5th, 2006 at 7:23 PM.
i love this poem!i think that its the best of poes work.i love the way he talked about the pale faces putting out the star light but i guess thats only because i have always loved wonderful mystical things and this just draws you in to that kind of world!, love peace and later dayz!!!
Lani from United States
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