Comment 5 of 32, 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
¡°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
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 32, 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."