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THE REAL MOST ACTIVE Stocks Rise Broadly To Cap Strong Week.(MAKING MONEY)
Byline: DAVID SAITO-CHUNG
Friday's strong February manufacturing report set blue chips afire. The Dow industrial average romped ahead 2.6% to mark its highest close since Aug. 27. The S&P 500 jumped 2.3%, following through on the sixth day of its new rally. NYSE volume climbed.
Fifteen of the 30 Dow components scored gains of at least 1 point. Among them, Johnson & Johnson rose 1.20 to a new all-time high of 62.10. It's advanced in above-average trade in five of the past six sessions and cleared a 14-week base.
On Thursday, the health care products giant said the FDA approved the use of its drug Remicade in combination with anti-inflammatory medicine methotrexate to help people with rheumatoid arthritis.
IBM rose 4.90 to 103.02 on fast turnover. The stock is 18% off its 52-week high but is still locked in a sideways pattern going back to July 1999. Procter & Gamble picked up 2.76 to 87.55, keeping its Jan. 31 breakout intact.
Industrials led the way. Fortune Brands, which makes Moen-brand faucets, cabinets, padlocks and golf balls, climbed 1.16 to a new all-time high of 46.66 on volume 72% higher than its 50-day average.
Quanex, which makes engineered steel bars, aluminum flat-rolled products and ...
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