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DOW ends above 25,000; S&P, Nasdaq Close at Records - AGAIN!!!
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2018 Jan 4, 2:57pm 1,316 views 4 comments
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1
MrMagic
2018 Jan 4, 7:47pm
MrMagic
2018 Jan 4, 7:47pm
Dow closes above 25,000 for the first time after strong jobs data.
The Dow Jones industrial average broke above 25,000 for the first time on Thursday, tying the fastest 1,000-point move in its history, following the release of stronger-than-expected jobs data.
The 30-stock index climbed 152.45 points to 25,075.13, with General Electric, DowDuPont and IBM rising about 2 percent.
"The Dow hitting 25,000 was a pretty wild idea even a year ago. And while its symbolically important, the real story is never just a number. It's the underlying strength that is pushing markets this high," said Steve Claussen, vice president of trader strategy at E-Trade.
The Dow broke above 24,000 for the first time on Nov. 30, or 35 calendar days prior to hitting 25,000. It also took the Dow just 35 days to rise from 20,000 to 21,000 last year.
"The naysayers missed out on a lot last year," said Marc Chaikin, CEO of Chaikin Analytics. "I think this is going to be another good year for stocks."
https://www.cnbc.com/2018/01/04/dow-25k-us-stocks-jobs-data-adp-economy.html
The Dow Jones industrial average broke above 25,000 for the first time on Thursday, tying the fastest 1,000-point move in its history, following the release of stronger-than-expected jobs data.
The 30-stock index climbed 152.45 points to 25,075.13, with General Electric, DowDuPont and IBM rising about 2 percent.
"The Dow hitting 25,000 was a pretty wild idea even a year ago. And while its symbolically important, the real story is never just a number. It's the underlying strength that is pushing markets this high," said Steve Claussen, vice president of trader strategy at E-Trade.
The Dow broke above 24,000 for the first time on Nov. 30, or 35 calendar days prior to hitting 25,000. It also took the Dow just 35 days to rise from 20,000 to 21,000 last year.
"The naysayers missed out on a lot last year," said Marc Chaikin, CEO of Chaikin Analytics. "I think this is going to be another good year for stocks."
https://www.cnbc.com/2018/01/04/dow-25k-us-stocks-jobs-data-adp-economy.html
3
MrMagic
2018 Jan 4, 9:46pm
MrMagic
2018 Jan 4, 9:46pm
anon_e769c says
Ya missed it by a year. That's the penalty for listening to the Liberal media.
So now's the time to go all in?
Ya missed it by a year. That's the penalty for listening to the Liberal media.
4
Strategist
2018 Jan 4, 9:59pm
Strategist
2018 Jan 4, 9:59pm
Sniper says
They will get in on the top. When they lose, they will go on welfare. You get to support them for their stupidity.
anon_e769c saysSo now's the time to go all in?
Ya missed it by a year. That's the penalty for listening to the Liberal media.
They will get in on the top. When they lose, they will go on welfare. You get to support them for their stupidity.
The Dow Jones Industrial Average rose 152.45 points, or 0.6%, to finish at 25,075.13. While 25,000 is seen as a psychologically significant level, it otherwise holds no fundamental or technical importance.
The S&P 500 rose 10.93 points, or 0.4%, to close at 2,723.99. The Nasdaq Composite Index gained 12.38 points, or 0.2%, finishing at 7,077.91.
The Russell 2000 index of small stocks rose 3.55 points, or 0.2%, to 1,556.
All four benchmarks set intraday records, rising for the third straight session. The S&P closed at a record in each of the first three trading days of the new year, the first time it has done so since 1964, according to The Wall Street Journal Market Data Group. The Nasdaq did the same, for the first time since 1999.
https://www.marketwatch.com/story/dow-on-track-for-25000-milestone-as-global-stock-rally-stays-strong-2018-01-04
#economics