The Dow Hits Another Record High

The strong gain
currently being shown by the Dow comes as a significant majority of the
components of the blue chip index are in positive territory. General Motors
(
GM |
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Chart |
News |
PowerRating)
and Citigroup
(
C |
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Chart |
News |
PowerRating) are turning in two of the Dow’s best performances. 
United Technologies
(
UTX |
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Chart |
News |
PowerRating) was the only Dow component to finish in the red.

Adding to the bullish sentiment are falling crude prices, closing lower by
1.2% to $60.34 bbl.

The price of gold extended a recent upward
move on Wednesday, with gold for February delivery closing up $3.40 at $630.30
an ounce. With the increase, the price of gold added to the gains that it posted
in the two previous sessions.

In tomorrow’s session watch for Existing Home Sales
(10:00 AM), Crude Inventories (10:30 AM), and Consumer Confidence Reports (10:00
AM) to guide market sentiment.

Stocks on the Move

Vascular Solutions
(
VASC |
Quote |
Chart |
News |
PowerRating) Receives Approval From FDA For Use Of
D-Stat Flowable Hemostat (full
story).  VASC shares jump by nearly 18%.

Avista
(
AVA |
Quote |
Chart |
News |
PowerRating) To Re-file Rate Relief Request, Following Dismissal
From Washington Regulators (full
story).  AVA shares rise by 0.55%.

Cenveo
(
CVO |
Quote |
Chart |
News |
PowerRating) To Acquire Cadmus Communications
(
CDMS |
Quote |
Chart |
News |
PowerRating)
In About $430 Mln Cash Deal (full
story).  CVO shares rise by 9.6%, while CDMS shares jump 16.6%.

InfoSonics Corp.
(
IFON |
Quote |
Chart |
News |
PowerRating) Is Rising On News Of Partnership With LG
(full
story).  IFON shares soar by 42%.

For more stories as they happen, go to our
Breaking News section.

Market Snapshot

Strongest/Weakest Sectors

Economic News

New Home Sales 1047K vs 1020K consensus

Darren Wong
darrenw@tradingmarkets.com

P.S.

Click here to use PowerRatings to identify stocks that could potentially
move higher in the next few days.