Dow rallies to record close as investors reposition for Trump presidency

Market Watch ^ | Nov 10, 2016

[McGruff]

The Dow Jones Industrial Average rallied to a record close on Thursday as investors continued to revise their strategies and reposition portfolios in response to Donald Trump’s unexpected presidential election victory.

The blue chip index DJIA, +1.17% gained 218.19 points, or 1.2%, to finish at 18,807.88 after hitting an all-time high of 18,873.66 earlier. The S&P 500 index SPX, +0.20% rose 4.22 points, or 0.2% to end at 2,167.48.

“Trump made rebuilding the nation’s infrastructure a centerpiece of his campaign. As such, the market is expecting an emphasis on fiscal spending initiatives to jump-start the economy,” said Michael Reilly, chief investment officer for equities at TCW.

[McGruff]

No, no. They told us the opposite would happen. /lamenting

[Yollopoliuhqui]

Someone made a body slam killing with the brief stock downturn caused by media speculation. Smart wins.

[NautiNurse]

WSJ reporting Trump's transition team says: "We will dismantle Dodd-Frank."

[Eleutheria5]

If you can’t trust the Huffington Post/AOL, whom can you trust?

[RayChuang88]

In fact, with increased emphasis on US-based goods production, you'd think Warren Buffett would welcome this. For one thing, ending the War on Coal means one of the properties owned by Berkshire Hathaway, BNSF Railroad, will now make much higher profits as coal trains are rolling again on a large scale.

[minnesota_bound]

Nvidia stock way up after quarterly results today.
https://finance.yahoo.com/quote/NVDA?p=NVDA
Day’s Range 66.76 - 71.50
Closed at: 67.77 -2.19

67.77 to 78.38 after hours

Stock manipulation going on this week.
I own the stock and bought at $62.25 months ago so I am happy.

[TomGuy]

Gloom and Doom

turns into

Gloom and BOOM

[trisham]

Trump is a successful businessman. I’m not even slightly surprised at this.

[justlurking]

What stock(s) in the DJIA caused it to skyrocket?

The S&P 500 -- a much broader index -- only rose .2%, and the NASDAQ went down 0.8%.

[TomGuy]

Caller to Phil Valentine talkshow said a couple of companies she is associated with are already placing new orders for oilfield supplies/equipment — which they had not been doing for a long while.

[mcenedo]

What stock(s) in the DJIA caused it to skyrocket?

The S&P 500 -- a much broader index -- only rose .2%, and the NASDAQ went down 0.8%.

I'm no expert but NASDAQ is loaded with tech stocks and they were big 'Rat supporters.

Payback time

[justlurking]

Here's the answer:

http://money.cnn.com/data/dow30/

11 stocks down, 19 up. Some were up a lot, others were down a lot.

In other words, it's not a broad movement. It just happened to average out to a net gain.

[justlurking]

Caller to Phil Valentine talkshow said a couple of companies she is associated with are already placing new orders for oilfield supplies/equipment

That would explain why Caterpillar was up. Exxon Mobil and Chevron were up, too.