U.S. markets up again
Even as tensions between the U.S. and China continue to rise and as the delta variant gains more attention in the U.S. – the U.S stock market go up. Investors also appear to shrug off inflation worries too. The Dow, S&P 500 and Nasdaq all notched up new highs, yet again!
Earnings are the main focus at the moment and retail investors buy high
- The Dow climbed nearly 83 points to close at a record of: 351441
- The S&P 500 rose 10.50 points to finish at a record of: 4422
- The Nasdaq gained nearly 4 points to close at a record high of: 14841
The earnings season continues to surprise to the upside, as most companies are reporting better than expected results, thus far. This week some 170 S&P 500 companies are due to report.
The Fed are due to conclude their meeting on Wednesday and economists are expecting more detail about tapering plans. But investors may not get a clear signal about this decision.
For the moment, U.S. stocks continue to rise and claim new highs. After the earnings reporting is complete, U.S. stocks may take a breather, especially as the relationship between the U.S and China continues to cast a darker shadow.
China and Hong Kong stocks lost ground Monday and remained under pressure Tuesday. On Monday alone the the Hang Seng, for instance, lost 4% and a further 2.4% on Tuesday – as U.S. markets went up.
U.S. stocks are sitting high, especially big tech.
The free money flow will slow – economic support can’t go on forever… can it?