Saturday, 22 September, 2018

Dow Jones closes above 26000 today

Dow Jones closes above 26000 today Dow Jones closes above 26000 today
Russell Knight | 20 January, 2018, 05:37

The Dow Jones Industrial Average crossed above 26,000 for a second time in a more than 300-point jump and the Nasdaq Composite jumped on gains in technology names including heavyweight Apple ( AAPL ), which announced it will pay $38 billion in US taxes on foreign cash repatriation and invest $30 billion over five years in the country.

The S&P 500 closed at 2,802, up nine-tenths of a percentage point, and the Nasdaq composite closed up 1 percent, at 7,298. UPDATE: DJIA is up over $26,000 again on January 17th. "Donald Trump lets things happen and what happens is market friendly". The global economy is also growing as is the U.S. economy. US GDP growth is expected to claw its way back to around 3 percent this year.

"The speed at which the market has moved higher in the past two weeks is unsettling and the risk of overheating this year is rising", Zaccarelli says. Signs of optimism in the market In the last week alone, new cash to the tune of $24.4 billion flowed into stock funds. Respondents were "optimistic" about 2018, as wages increased in most districts. Boeing rose $18.85, or 4.7 percent, to $351.01.

The International Monetary Fund estimates the world economy will grow by 3.7 percent this year after expanding by 3.6 percent in 2017, further lifting demand for United States exports. According to the Bank of America Merill Lynch this is a record and a "blockbuster".

On the losing front, PAVmed Inc (NASDAQ:PAVM) shed over 28% to US$1.82 as the company reported a public offering of stock.

Schumer says "some progress" made during meeting with Trump
Both men are among 10 Democratic senators up for re-election this year in states Trump won in the 2016 presidential election. Schumer they want to vote for that [CHIP]. "Whether there is a government shutdown or not is now entirely up to them".

Burger King launches Double Quarter Pound King Sandwich
An ad shows Burger King's mascot at a funeral for a competitor's burger, but doesn't mention McDonald's by name. The Double Quarter Pound Burger has a recommended retail price of $5.39.

'Enormous Threat' Seen As Authoritarian Rulers Encouraged By Trump
The group's director also tore into President Trump , saying he has "broken all the taboos against racism, against misogyny, against xenophobia", according to the AP.

In another sign of optimism, Wall Street analysts are boosting their earnings forecasts for US companies at the fastest pace in 10 years, according to Bespoke Investment Group.

Britain's FTSE 100 slipped 0.3 percent to 7,733.92 and the CAC 40 of France also fell 0.3 percent, to 5,500.18. The Russell 2000 index of smaller-company stocks picked up 13.69 points, or 0.9 percent, to 1,586.66.

USA benchmarks were mixed at mid-session, with the Dow Jones off 58 points to stand at 25,959.

"With any significant policy action, there's an initial pop in the market, but then it sits and digests it", said Brad McMillan, chief investment officer of Commonwealth Financial Network in Waltham, Massachusetts.

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