Record U.S. stock highs

U.S. stocks all rise – hyper markets!

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 has undoubtably helped.

Financial stimulus

Consumer spending is still positive and retail figures have been encouraging. Combine this with the Fed’s recent economic stimulus and interest rate cuts last year and you have the making of a pretty solid period.

U.S. Bull Market

But can it be sustained? We await more data reports from the earnings due to be released over the next two weeks.

U.S. stock markets at close on 16th January 2020 set new records

The Dow closed at an all time new high of: 29297. Futures continued up!

The S&P 500 closed at an all time new high of: 3317

Nasdaq closed at an all time new high of: 9357

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