The BizTimes Stock Index rose 1.13 points to close at 182.61 Tuesday, and local stocks surged upward again in early morning trading today. U.S. stocks rose and the Dow Jones Industrial Average hit a new record high this morning, as investors reacted to comments from Federal Reserve Chairman Ben Bernanke who said inflation appears to be moderating. That eased investor concerns that the Fed might raise interest rates later in the year. Locally, the largest advancers this morning were MGIC Investment Corp. (up $1.71 to $66.95), Johnson Controls Inc. (up $1.55 to $96.87), Joy Global Inc. (up $1.48 to $47.58) and Bucyrus International Inc. (up $1.24 to $50.68). The largest local decliners this morning were Ladish Co. (down 17 cents to $40.81) and Johnson Outdoors Inc. (down 6 cents to $18.20). The BizTimes Stock Index was created by Small Business Times and is monitored by North Shore Bank. The index, which measures the stock values of publicly held companies based in southeastern Wisconsin, is updated daily and can be viewed at www.biztimes.com.
Local stocks flying high
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