Dow touches 35000 as big earnings data due

Stock markets up

New Dow record just short of 35000 Dow Jones Industrial Average on Monday closed just shy of 35000 after gaining 126 on the day. Earnings report Second quarter earnings season kicks off this week with earnings from two big banks, along with some other companies. Pepsi co. came up with earning beat. Banks are expected to release stellar results too. Inflation The market will also be watching a key inflation report due today at 13:30 (BST) with the release of June’s Consumer Price Index (CPI). CPI is expected to increase…

Read More

S&P 500 & Nasdaq notch up fresh records with Big Tech in favour

Record highs

All time records set again The S&P 500 rose to an all time high of: 4358 The Nasdaq closed at an all time high of: 14664 Big tech stocks do the heavy lifting Popular technology and internet stocks once again outperformed the market on Wednesday 7th July 2021. Investors bought growth stocks instead of the reopening sectors that were in favour last month and proved popular in the first half of the year. Apple, Microsoft and Amazon were all up on Wednesday each reaching double digits gains over the last…

Read More

S&P 500 closes at another new record high

S&P 500 record high

S&P 500 record The S&P 500 climbed close to 0.6% to hit a new record closing high of 4266 reclaiming its previous record from 14th June and fully recovering the losses triggered by the Federal Reserve’s surprise policy pivot. Comments from Fed Chair Jerome Powell Tuesday reiterated that inflation pressures should be temporary, which appeared to soothe market jitters after being spooked. Nasdaq sets new high The Nasdaq Composite jumped 0.7% to reach another record at 14369. Dow climbs The Dow Jones Industrial Average added 322 points gaining about 1%, to…

Read More

U.S. markets hit new highs

U.S. stocks record high

U.S. markets climbed to new highs Wednesday as the post pandemic upward momentum gained strength As the U.S. economy re-opens at break neck speed, financial rewards continue to flood the stock market. U.S.monetary and fiscal policy backed up with a tsunami of Fed ‘easy’ money have dramatically helped the economic recovery. But this has also fuelled inflationary fears, interest rate concerns and pushed debt to new all time highs. Have the markets now been over cooked? New highs The Nasdaq on Wednesday 22nd June 2021 reached a new all time…

Read More

Record highs for Nasdaq and S&P 500

Gamble

The only way is… up? The Nasdaq reached a record high on Monday 14th June 2021 as investors were tempted back into growth stocks ahead of a Federal Reserve two day meeting due to start on Tuesday 15th June 2021 Nasdaq The Nasdaq tech loaded index climbed 0.7% to an all time closing high of: 14174 clearing the previous record on 26th April 2021. S&P 500 The S&P 500 gained around 0.2% to make another record close at: 4255 boosted by technology sector gains. The Dow Jones Industrial Average slipped…

Read More

Oops – Dow does it again to set new high!

Dow high

Dow climbs 290 points to close at another record high, yields hit tech stocks The Dow Jones Industrial Index closed up at: 32779 a new record high. The S&P 500 closed up at: 3943 a new record high. Dow super charged The Dow jumped to another record high on Friday 12th March 2021, as rising optimism for the a fast economic recovery fuelled the rotation into cyclical stocks. Rising bond yields challenged tech stock valuations again. The massive U.S. $1.9 trillion is encouraging stock movement too. The Dow has outperformed…

Read More

Oops the Dow did it again!

U.S. stocks record high

Dow new record high The Dow Jones Industrial Average set yet another new record high on Friday 17th January 2020 closing up at: 29348 after touching 29400 in intraday trading. Over the week (13th – 17th January 2020) the Dow gained some 525 points aided by the U.S. China Phase One trade deal and good results from banks as the U.S enters earning season. 30,000 on the cards? U.S. indices are closed Monday January 20th for Martin Luther King holiday. Even more record highs! S&P 500 set record high to…

Read More

U.S. stocks all rise – hyper markets!

Record U.S. stock highs

U.S. stocks all rise to set new records yesterday, 16th. January 2020 The U.S. markets have enjoyed a stellar start to the new year, encouraged by a number of economic factors. Trade deal benefits Signing of the Phase One trade deal has lifted investor sentiment as it met expectations, however much of the trade deal news is priced in. Latest data released from banks and businesses have been positive, so far, and better than analyst’s expected. A Trump tax cut windfall handout to America’s top banks of some £32 billion…

Read More

S&P 500 sets new record

S&P 500 record high

The S&P 500 on Monday 13th January 2020 set a new all time record. Record close The index closed up at: 3288 – far far higher than that predicted by analysts. Indeed, many analysts in December revised their own predictions up! I’m guessing they pretty much got that one wrong. What do you think? Nasdaq up too The Nasdaq set a new record too closing up at: 9274 The Dow trailed after breaking 29000 on Friday. Much of the S&P 500’s recent gains has been attributed to the ‘Phase One’…

Read More