Dow Jones

Dow scores 100th record close under Trump

Stocks closed on record highs Tuesday helped by a batch of positive retail earnings, a new record for Disney and more positive developments on U.S. – China trade talks. Tuesday’s record close was the 100th since Trump took office. Investors scooped up more Disney shares, lifting the Mouse House to a new record after the research firm Apptopia said the Disney+ app has been downloaded 15.5 million times and is averaging 25.6 million sessions per day over the past week. Uber and Lyft shares gained despite the City of Chicago announcing a congestion tax on ride-hailing services. Uber was hit hard Monday after London pulled its business license. On the earnings front, Best Buy reported better-than-expected third-quarter results as store sales rose 2 percent from a year ago, driven by strength in appliances, headphones, tablets, services and computing. The electronics retailer also raised its full-year outlook for earnings and revenue. Dick’s Sporting Goods soared after reporting a top and bottom-line beat and raising its outlook for the rest of the year. The sporting goods retailer said e-commerce sales climbed 13 percent year-over-year. Meanwhile, shares of Dollar Tree tanked after the discount retailer said it expects fourth-quarter earnings to take a hit due to tariffs. And more positive trade developments also helped drive the gains after President Trump told reporters the U.S. and China are “in the final throes” of reaching a deal. The comments came after China said earlier in the day that its top trade envoy and other senior officials spoke by phone with U.S. negotiators. China’s commerce ministry said Vice Premier Liu He and other senior officials spoke with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.

Another stock market record high in this Trump economy!!  Excellent!!   For more, click on the text above.     🙂

S&P 500 closes at new record as Wall Street bets Fed will lower rates, Dow surges nearly 250 points

Stocks rallied on Thursday, led by strong gains in tech and energy shares, as Wall Street cheered the possibility that the Federal Reserve will cut interest rates next month. The S&P 500 surged 1% to 2,954.18, a record close. The broad index also hit an intraday record of 2,958.06. The Dow Jones Industrial Average closed 249.17 points higher at 26,753.17. The Nasdaq Composite gained 0.8% to end the day at 8,051.34. The yield on the 10-year Treasury fell below 2% for the first time since November 2016. Investors cheered the decline in the benchmark for mortgage rates and corporate bonds. The energy sector rose more than 2% to lead all 11 S&P 500 sectors higher as oil prices jumped. Tech gained 1.4% after shares of Oracle surged more than 8% on stronger-than-forecast earnings. General Electric’s 2.8% rise pushed the industrials sector up more than 1.6% on the day. “Markets are based on numbers and perception. If the perception is rates are getting cut, that’s going to drive markets higher,” said Kathy Entwistle, senior vice president of wealth management at UBS. “UBS’ stance up until yesterday was we wouldn’t see any rate cuts this year. Now we see a much larger chance of a 50-basis-point cut.” The Fed said Wednesday it stands ready to battle growing global and domestic economic risks as they took stock of intensifying trade tensions and growing concerns about inflation. Most Fed policymakers slashed their rate outlook for the rest of the calendar year by approximately half a percentage point in the previous session, while Chairman Jerome Powell said others agree the case for lower rates is building. Policymakers also dropped “patient” from the Fed’s statement and acknowledged that inflation is “running below” its 2% objective. Market participants viewed the overall tone from the U.S. central bank as more dovish than expected. Traders are now pricing in a 100% chance of a rate cut next month, according to the CME FedWatch tool. With Thursday’s gains, the market has now erased the steep losses recorded by the major indexes in May, which were sparked by trade fears.

Such great news in this Trump economy!    🙂

Dow Surges Nearly 550 Points

The Dow Jones Industrial Average surged nearly 550 points Wednesday as U.S. stocks extended a recent rebound, advancing as a congressional power divide eased worries about swift policy changes that could hurt large companies. Uncertainty about the elections was one factor driving October’s stock-market rout, with some investors anxious that radical economic policy changes could hurt corporations benefiting from tax reform and an emphasis on deregulation. Democrats claiming a majority in the House of Representatives and Republicans retaining control of the Senate soothed some of those fears, analysts said, sparking a broad-based market rally. Twenty-nine of the 30 Dow industrial stocks climbed, putting the blue-chip index about 2.5% off its October record. All 11 S&P 500 sectors posted gains, moving the benchmark roughly 4% off its record. Both indexes have risen in six of the past seven sessions, a quick turnaround from a brutal selloff that left the S&P 500 and Dow teetering on the edge of correction territory two weeks ago. While some sectors directly affected by Tuesday’s results such as health care led the indexes higher, a rally in recently battered technology and internet stocks was another sign of rejuvenated investor confidence.

 

Dow jumps more than 100 points to all-time high, rallies for a second day to start fourth quarter

The Dow Jones Industrial Average hit a record high on Tuesday as it rallied for a second day, boosted by gains in Intel and optimism around global trade. The 30-stock index closed 122.73 points higher to 26,773.94 for its first record close since Sept. 21. Intel climbed more than 3.5 percent, while Boeing soared to an all-time high. These gains added to the 192-point pop in the Dow on Monday to start the fourth quarter. The S&P 500, closed flat, however, at 2,923.43 while the Nasdaq Composite fell half a percent to 7,999.55 as large-cap tech names fell more than 1 percent. Amazon shares dropped 1.6 after the company announced it would raise its minimum wage to $15 per hour for all U.S. employees. Facebook, meanwhile, dropped nearly 2 percent. Stocks were coming off strong gains from the previous session after Canada joined the U.S. and Mexico in a new trade deal. The United States-Mexico-Canada Agreement, or “USMCA” for short, will see all three countries compromise on certain trade aspects. More market access will be granted to U.S. dairy farmers, while Canada has agreed to effectively cap automobile exports to the States. “The market reaction suggests investors are less worried about a trade war,” said Jennifer Ellison, principal at BOS. “It’s more of a sigh of relief.” Boeing climbed 1.1 percent, while Caterpillar gained 1.7 percent. The two stocks are seen as bellwethers for trade given their exposure overseas. Now investors will be looking to China, to see if Beijing and Washington can compromise on certain trade elements.

More great news in this Trump economy!!   🙂

Dow jumps 250 points to record high as Apple rises and trade-war fears simmer down

The Dow Jones Industrial Average hit its first record high since January on Thursday as gains in Apple and a decrease in trade fears lifted the 30-stock index. The Dow rose 250 points as Boeing, Caterpillar and Apple outperformed. The S&P 500 also rose 0.7 percent to an all-time high, its first since late August, as materials and tech outperformed. President Donald Trump touted the S&P 500’s record in a tweet, saying, “S&P 500 HITS ALL-TIME HIGH Congratulations USA!” Art Cashin, director of floor operations for UBS, said the Dow’s record should be a bullish confirmation of the high reached by the Dow Transports last week. “That should be a Dow theory buy signal,” Cashin said. “According to the theory, the economy is supposed to be improving and therefore you have six to nine months of a higher stock market.” The Nasdaq Composite also rose 0.9 percent as Amazon gained 1.1 percent ahead of an event where they are expected to unveil new Alexa-powered devices. Apple, meanwhile, jumped 1.6 percent. Boeing and Caterpillar, two bellwethers for trade, rose 1.1 percent and 1.8 percent, respectively.

Great news in this Trump economy!!!   For more, click on the text above.      🙂

Results Matter: PRESIDENT TRUMP Tops Obama in Approval Numbers at Same Point in His Presidency

President Trump’s approval rating on his second Independence Day is at 48% with likely voters. And that is with 90% negative coverage from the far left mainstream media. And after a month of anti-ICE protests by Democrats President Trump jumped 10 points with Hispanics in the recent Harris-Harvard poll. On Barack Obama’s second Independence Day — despite a fawning media — his approval rating was only at 45%. Since President Trump’s election the DOW daily closing stock market average has risen as much as 44%. (On November 9th, 2016, the DOW closed at 18,332 – in January of this year the DOW reached heights of over 26,500.). On February 28th, 2017, President Trump matched President Reagan’s 1987 record for the most continuous closing high trading days when the DOW reached a new high for its 12th day in a row! Under President Trump the DOW set the record for the fastest 500 point increase between major milestones when it reached 26,000 on January 17th. It only took 6 days to increase 500 points from 25,500. As a matter of fact, since President Trump’s election the DOW has set records for the fastest 500, 1000, 2000, 3000, 4000, 5000, 6000 and 7000 point increases in the DOW’s history! 2017 was the best year ever for the DOW. It increased more points than ever in its history (4,956) and it reached more all-time highs (71) than any year in history! Every US stock index has reached all-time highs during the Trump Presidency. And President Trump’s foreign policy is also seeing results. History is being made.

MAGA!    🙂

Dow posts biggest one-day point gain since 2008

The Dow recorded its biggest one-day point gain since 2008 on Monday, as reports of trade talks between the U.S. and China reduced fears of a possible trade war. The Dow Jones Industrial Average climbed 669.40 points, or 2.84%, to 24,202.60 at the close. The Nasdaq Composite rose 227.88, or 3.26%, to 7,220.54, while the S&P 500 Index gained 70.29, or 2.72%, to 2,658.55.

Great news!!    🙂