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  • Dow drops 120 points as Senate plan would delay tax cut until 2019

    11/09/2017 12:56:15 PM PST · by SeekAndFind · 86 replies
    CNBC ^ | 11/09/2017 | Fred Imbert and Alexandra Gibbsl
    U.S. equities fell sharply on Thursday, pulling back from record highs, on worries that tax reform could be delayed until 2019. A proposed plan by Senate Republicans would push tax reform back to 2019, CNBC has learned through a source. The move contrasts with a bill working its way through the House. The Washington Post first reported the news. "That's what gave us this new leg down," said Art Cashin, director of floor operations at UBS, on CNBC's "Squawk Alley." Expectations for tax reform have increased recently, helping lift the stock market to all-time highs. The major indexes had recovered...
  • Dow closes above 23,000 for first time; IBM soars

    10/18/2017 2:50:43 PM PDT · by Olog-hai · 15 replies
    Reuters ^ | October 18, 2017 7:35 AM | Caroline Valetkevitch
    The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth. The Dow hit 22,000 on Aug. 2, only 54 trading days earlier and roughly half the time it took the index to move from 21,000 to 22,000. This marks the fourth time this year the Dow has reached a 1,000-point milestone. […] Shares of IBM (IBM.N), which beat expectations on revenue, jumped 8.9 percent and accounted for about 90 points of the day’s 160 point-gain in the blue-chip index. Solid earnings,...
  • Dow logs 47th record finish for 2017 as stock market ends higher

    10/10/2017 3:17:55 PM PDT · by pissant · 16 replies
    Market Watch ^ | 10.10.17 | Sue Chang
    All main U.S. stock indexes closed higher on Tuesday, with the Dow finishing at its 47th record for 2017, as optimism appeared to grow ahead of the start of the earnings season, which will provide concrete insight into the state of U.S. corporations. What are stocks doing? The Dow Jones Industrial Average DJIA, +0.31% rose 69.61 points, or 0.3%, to end at 22,830.68. The S&P 500 SPX, +0.23% added 5.91 points, or 0.2%, to close at 2,550.64. The Nasdaq Composite Index COMP, +0.11% reversed earlier losses to finish 7.52 points, or 0.1%, higher at 6,587.25. All three benchmarks touched fresh...
  • Dow futures up more than 100 points as fears ease over Hurricane Irma, North Korea

    09/11/2017 2:22:30 AM PDT · by abb · 8 replies ^ | September 11, 2017 | Barbara Kollmeyer
    U.S. stock futures shot higher on Monday, as Hurricane Irma hit Florida with less force than expected, while an easing of North Korea tension also boosted appetite for riskier assets such as equities. Dow Jones Industrial Average futures YMZ7, +0.56% jumped 113 points, or 0.5%, to 21,893, while S&P 500 futures ESZ7, +0.53% rose 12 points, or 0.5%, to 2,473. Nasdaq-100 futures NQZ7, +0.73% gained 32.75 points, or 0.6%, to 5,958. Forecast to be downgraded to a tropical storm on Monday, Hurricane Irma was expected to keep pushing across Florida and make its way into Georgia. Irma has left at...
  • Seven billionaires worried about a stock market correction

    08/10/2017 8:12:49 AM PDT · by SkyPilot · 22 replies
    Financial News London ^ | 10 Aug 17 | Jeff Reeves
    By now, all investors should know the research about the follies of market timing, MarketWatch reports. But similarly, all investors should admit that a quest for outperformance by stock picking and active management will never end — particularly given that 2017 shows more than half of active funds are beating their benchmarks for the first time since before the Great Recession. So it’s worth noting that a host of big-name billionaire investors are pretty concerned about current market conditions. Yes, there are tremendous benefits to passive, low-risk, long-term investing strategies. And obviously, some of the “best” investors on Wall Street...
  • TRUMP RALLY=> Stock Market Sets Seven New All-Time Records in June – Media Silent

    06/20/2017 7:50:19 AM PDT · by GonzoII · 36 replies
    * The DOW daily closing stock market average has risen 17% since the election on November 8th. (On November 9th the DOW closed at 18,332 – yesterday DOW closed at 21,528 for another all time record closing high). * Since the Inauguration on January 20th the DOW is up 9%. (It was at 19,827 at January 20th.) * The DOW took just 66 days to climb from 19,000 to above 21,000, the fastest 2,000 point run ever. The DOW closed above 19,000 for the first time on November 22nd and closed above 21,000 on March 1st. * The DOW closed...
  • US STOCKS-Wall St hits record highs on strong technology, health stocks

    06/19/2017 1:55:56 PM PDT · by John W · 13 replies
    Reuters via Yahoo News ^ | June 19, 2017 | Sinead Carew
    NEW YORK, June 19 (Reuters) - U.S. stocks rose on Monday, with the S&P 500 and the Dow hitting record highs with growth sectors such as technology in favor again as investors appeared to regain confidence in the economy after upbeat comments from Federal Reserve officials.'s Friday announcement that it would buy Whole Foods and an upbeat tone from Federal Reserve speakers seemed to help reassure investors after the U.S. central bank's rate hike last week, according to J. Bryant Evans, portfolio manager at Cozad Asset Management, in Champaign, Illinois. "It looks like a bet that interest rates, such...
  • Stock Market Hits All Time High

    06/01/2017 10:30:17 AM PDT · by LS · 45 replies
    yahoo finance ^ | 6/1/2017 | LS
    The Dow just crossed 21,132, vs. 21,115 in March. Jobs report is excellent---more than a quarter of a million new jobs in the month. Economic confidence higher than any time since 2001. I'm hearing that the AT Fed will revise UPWARD the 1st quarter numbers and that over 3% GDP this year a real possibility.
  • Dow’s rally from election through Trump’s first 100 days is a postwar record

    04/29/2017 2:02:32 PM PDT · by John W · 3 replies ^ | April 29, 2017 | Mark DeCambre
    As President Donald Trump hits his 100th day in office Saturday, the Dow Jones Industrial Average has booked the best performance in the postwar era under a first-term president when measured from Election Day through the 100th day in office, according to Dow Jones data. The Dow DJIA, -0.19% has rallied 14.22% since Trump’s stunning Nov. 8 election victory over Democratic rival Hillary Clinton after a campaign promising a raft of Wall Street–friendly policies, including tax cuts, deregulation and a boost in infrastructure spending. (The S&P 500 index SPX, -0.19% has gained about 11.6% over that period, while the Nasdaq...
  • The Trump Stock Boom: Real or Just An Illusion?

    04/24/2017 6:55:50 AM PDT · by SeekAndFind · 15 replies
    RCM ^ | 04/24/2017 | Robert Samuelson
    The last thing President Trump now needs is for the stock market to go south on him. After all, he’s got worries aplenty: abroad, North Korea, Syria, Russia and Brexit; at home, the stalled effort to repeal Obamacare and uncertainty surrounding “tax reform.” Compared with this tapestry of troubles, the stock market has been a splendid blessing. It’s called the Trump Rally or Trump Trade. By whatever name, it has been impressive. On Election Day, Nov. 8, the Dow Jones Industrial Average closed at 18,332.74, not much different from a year earlier. By March 1, the Dow hit 21,115.55, a...
  • Will the Air Strike in Syria Lead to Uncertainty in the Markets?

    04/08/2017 12:01:01 PM PDT · by Kaslin · 11 replies ^ | April 7, 2017 | Dan Celia
    On August 20, 2012, then-President Barack Obama drew a line in the sand for Syria. And after that line was drawn, Syria stepped over it by using chemical weapons. President Obama did nothing—holding fast to his ideology of strength through weakness. This was just one of many ideological positions that helped President Donald Trump win the presidency, and today, we are witnessing bipartisan support for President Trump, who thankfully did not simply draw a line in the sand and reprimand Bashar al-Assad. Some on Wall Street are indicating this move could mean uncertainty for the markets. And we all know,...
  • How Trump’s stock market ranks in his first 50 days in office

    03/11/2017 8:11:05 AM PST · by plain talk · 4 replies
    MarketWatch ^ | March 11, 2017 | Mark DeCambre
    President Donald Trump is half way to marking his first 100 days in office, and as it turns out the so-called Trump rally is stacking up fairy well compared with past presidents during their midpoint to 100. Trump hits the 50-day milestone on Saturday. The S&P 500 index SPX, +0.33% is on track to post its best return in the first 50 days off a presidential term since Bill Clinton’s first term in 1993, when the broad-market index rose 4.7%. In fact, it is the best 50-day performance for a GOP commander-in-chief ever and the sixth best performance over that...
  • Investors Love Trump, Pushing Dow Over 21,000 Points for First Time

    03/01/2017 2:20:07 PM PST · by Enlightened1 · 15 replies
    Breitbart ^ | 03/01/17 | Breitbart News
    Investors reacted positively from President Donald Trump’s Tuesday night address to Congress, pushing the Dow Jones industrial average above 21,000 points Wednesday for the first time in its history. Banks, financial institutions, companies in the energy and materials sector saw huge gains as Trump reaffirmed during his speech his plans to cut taxes and push for other business-friendly policies. The Dow jumped 242 points, or 1.2 percent, to 21,055 as of 10:07 a.m. Eastern Time. The Standard & Poor’s 500 index gained 24 points, or 1 percent, to 2,387. The Nasdaq composite index added 59 points, or 1 percent, to...
  • U.S. stocks set for fresh records at the open with Dow plowing further above 20K

    01/26/2017 3:53:21 AM PST · by John W · 6 replies
    Market ^ | January 26, 2017 | Sara Sjolin
    The momentum for U.S. stocks continued on Thursday, with stock futures pointing to fresh records at the open for all three major benchmarks ahead of a spate of earnings and economic reports, including jobless claims and home sales. Futures for the Dow Jones Industrial Average gained 46 points, or 0.2%, to 20,049, indicating a second straight day of opening above the psychologically important 20,000 handle. The benchmark DJIA, +0.78% on Wednesday reached the milestone for the first time ever, closing up 155.80 points to 20,068.51 over optimism over President Donald Trump’s policies and a solid round of corporate earnings.
  • The Dow just hit 20,000, but half of America missed out

    01/25/2017 11:59:39 AM PST · by SeekAndFind · 24 replies
    Yahoo Finance ^ | 01/25/2017 | Myles Udland
    On Wednesday, the Dow Jones Industrial Average traded above 20,000 for the first time. This barrier, which is more important psychologically than it is for actual investment decisions, had been in the market’s sights for over a month after the post-election rally that followed Donald Trump’s election sent stocks to new records. Unfortunately, however, many Americans missed out. Back in April 2016, Gallup conducted its latest annual poll showing that just 52% of American adults owned stocks, via either individual issues, mutual funds, or self-directed 401(k) plans. This matched the lowest ownership level in Gallup’s 19-year tracking of this measure....
  • Stock market’s velocity after Trump has investors talking Dow 20,000—and beyond

    12/09/2016 12:13:26 PM PST · by John W · 16 replies ^ | December 9, 2016 | Mark DeCambre
    Do I hear 20,000? 21,000? That's the subject Wall Street investors are starting to consider after post-election ebullience has stretched equity markets deeper into the record books since Nov. 8. Assuming that the indexes continue to lurch forward into the next week or two, that puts the gauge on pace to log the fastest 1,000-point rally since the Dow moved from 10,000 to 11,000 in from March 29, 1999, to May 3, 1999 — a 24-day trading day span, according to Dow Jones data. The broad-based rally has been supported by the expectation that Trump will unleash a raft of...
  • US STOCKS SNAPSHOT-S&P 500, Dow hit record highs on Black Friday

    11/25/2016 6:51:03 AM PST · by John W · 8 replies
    Reuters via Yahoo News ^ | November 25, 2016 | Reuters
    Nov 25 (Reuters) - The S&P 500 and the Dow opened at record intraday highs on Friday, helped by gains in healthcare and consumer staple stocks at the start of the crucial holiday shopping season.
  • ‘Trump trade’ sparks stampede out of bond funds into stocks

    11/23/2016 7:16:45 AM PST · by Ernest_at_the_Beach · 9 replies
    Marketwatch ^ | Nov 18, 2016 1:07 p.m. ET | Anora Mahmudova
    Weekly bond outflows were biggest since June 2013 The rotation out of bonds into stock postelection is greatest in years The so-called Trump trade that followed the Nov. 8 election victory of Donald Trump sparked the largest outflow from bond funds since the “taper tantrum” of June 2013, with investors piling into stocks, according to flow data compiled by Bank of America Merrill Lynch.In the week ended Nov. 16, investors withdrew $9.06 billion from bonds funds. The money withdrawn from bond funds as well as some of the cash sitting on the sidelines, found its way to equity funds and...
  • Dow 19,000 is no cause for celebration

    11/22/2016 6:48:36 PM PST · by Rabin · 14 replies
    Marketwatch ^ | Nov 22, 2016 | Chuck Jaffe, (opine)
    The Dow is the Kardashian of indexes — a celebrity benchmark, famous because it’s known rather than because of what it does. Every round number on the index hits the news cycle hard, largely because there is so little real news out there. In early November, nine straight down days on the S&P 500 the first nine-day losing streak in 36 years — as if that was somehow meaningful. Tuesday’s headlines included a 13-day winning streak for the Russell 2000, its longest win streak in more than 20 years. The Russell benchmark gained roughly 15% during that stretch — an...
  • Dow Jones Hits Record High (Exceeds 19,000 for the first time). S&P 500 and Nasdaq also hit records!

    11/22/2016 8:41:19 AM PST · by SeekAndFind · 49 replies
    Townhall ^ | 11/22/2016 | Jason Hopkins
    For the first time in its 120-year history, the Dow Jones industrial average has surpassed 19,000 in intraday trading on Tuesday. Considered one of the world’s best stock market gauges, the Dow shot up 56 points in early Tuesday trading to reach a peak of 19,013.12. Most of the gains are attributed to Boeing. The Dow Jones Industrial Average just traded to the highest level in history— CNBC (@CNBC) November 22, 2016 The record breaking performance is just the latest in a streak of market indications that investors are bullish on the incoming Trump administration. The S&P also...