Dow, S&P 500 Open at All-Time Highs

hotandhigherU.S. equities continued their relentless surge Thursday morning, with the benchmark Dow Jones Industrial Average and S&P 500 Index both opening at new all-time highs.

The SPDR Dow Jones Industrial Average ETF (NYSE:DIA) opened at a record high of $185.04, up about 0.7%. This ETF tracks the DJIA, also known as the Dow 30, which is comprised of 30 of the largest and most widely-held U.S. companies.

Meanwhile, the SPDR S&P 500 ETF Trust (NYSE:SPY) opened at $216.34, another record high.

In the world of tech stocks, the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) opened at $111.95, climbing within striking distance of its own all-time high of $115.75.

Stocks Driven by Earnings, Japan QE Prospects

Better-than-expected earnings results from several big-name companies helped drive stocks’ gains, along with news out of Japan that indicated indefinite low rates with potential for so-called “helicopter money.”

Central banks around the globe, not just in Japan, and expected to at least consider further stimulus measures. So while many pundits and investors may question the health of the global economy, what isn’t in question is central bankers’ affinity for injecting capital into the markets in any way possible.

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