The Dow pushed to fresh highs on Wednesday one day after notching an all-time record, even as the Federal Reserve said economic growth continued at a dull pace.
The Dow Jones Industrial Average soared to an all-time record high on Tuesday, passing the five-year-old mark to leave behind the deep losses of the economic crisis.
The Australian market closed higher after news that Australian retailers recorded their strongest January sales growth in six years led to gains for discretionary retail stocks.
The Reserve Bank of Australia has left the official cash interest rate unchanged at 3 per cent as the economy continues to show signs of improvement, at home and abroad.
The Dow Jones Industrial Average moved closer to an all-time high last week, as improving economic sentiment overrode concerns about looming government spending cuts.
There are signs of life and glimmers of hope in the market after a reporting season that beat expectations - albeit only slightly - and promised better things to come.
The credibility of Liberal and Labor election promises are both under question, with Troy Buswell admitting the Liberals three major pledges are reliant on being half funded by the Commonwealth, an
Fresh from announcing plans to develop the Iron Valley mine in the Pilbara, Mineral Resources has become the eleventh Western Australian company in the S&P/ASX 100 Index.
The Australian share market has opened more than three quarters of a per cent lower, driven down by falls in the resources sector after a last minute sell-off in the US.
The Dow Jones Industrial Average rose tantalisingly close to an all-time high on Thursday but failed to top the five-year-old mark and ended up in the red after a late-session sell-off.