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

By MrMagic following x   2018 Jan 11, 4:00pm 686 views   3 comments   watch   sfw   quote     share    


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
1   Patrick   ignore (0)   2018 Jan 11, 4:03pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

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   ignore (11)   2018 Jan 11, 4:06pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

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   ignore (3)   2018 Jan 11, 4:26pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

This is unbelievable. Someone wake me up.




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