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Dow spikes 205 points to record close, S&P and Nasdaq Also Hit New Records!


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2018 Jan 11, 4:00pm   1,909 views  3 comments

by MrMagic   ➕follow (2)   💰tip   ignore  

The Dow Jones industrial average rose to an all-time high on Thursday as investors bet economic growth would pick up steam.

The index rose 205.60 points to 25,574.73, a record close, with Boeing as the biggest contributor of gains. Boeing is one of the companies that stands to benefit the most if economic growth ratches up.

The Nasdaq composite also hit a record high, rising 0.8 percent to 7,211.78, as shares of Apple gained 0.6 percent. The S&P 500 gained 0.7 percent to finish at 2,767.56 and reached an all-time high, with energy surging on the back of rising oil prices.

https://www.cnbc.com/2018/01/11/us-stocks-earnings-season-delta-walmart.html
#economics

Comments 1 - 3 of 3        Search these comments

1   Patrick   2018 Jan 11, 4:03pm  

This is getting to be crazy. Maybe it's justified by the lower corporate and personal tax rates, and the general upswing in the economy, but I worry it could also turn the other way.
2   MrMagic   2018 Jan 11, 4:06pm  

Patrick says
This is getting to be crazy. Maybe it's justified by the lower corporate and personal tax rates, and the general upswing in the economy,


It's the general upswing, this post holds a lot of merit:

https://patrick.net/post/1312972/2018-01-09-average-monthly-small-business-optimism-sets-all-time-record-in-2017
3   Strategist   2018 Jan 11, 4:26pm  

This is unbelievable. Someone wake me up.

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