Posted on 09/21/2018 1:52:58 PM PDT by Red Badger
The Dow Jones Industrial Average climbed Friday, extending its record-setting run to a second consecutive session.
The Dow rose 86.52 points, or 0.32 percent, to 26,743.50. The S&P 500 ticked 1.08 points lower to 2,929.67. The Nasdaq Composite dropped 41.28 points, or 0.51 percent, to 7,986.96.
The Dow Jones Industrial Average and the S&P 500 set intraday records in early trade Friday. On Thursday, the two major stock market indexes also set records, with the Dow rallying over 251 points to close at a record high for the first time since January. The S&P 500 also climbed to an all-time high.
Stocks are getting a boost from overall solid economic data, which resulted in investors waving off the tit-for-tat exchange of newly imposed tariffs placed on U.S. and Chinese goods.
Data released Friday included the IHS Markit flash U.S. manufacturing PMI, which rose to 55.6 in September from 54.7. The IHS Markit flash U.S. services PMI dropped to 52.9 in September from 54.8. Any reading above 50 marks growth.
(Excerpt) Read more at foxbusiness.com ...
The dow is about 80 points from growing 50% on top of a market that was already close to it’s all time high on 11/07/2016.
That’s an amazing feat in a little under 23 months.
Move the cursor on the chart back to November of 2016.
Weird, I heard on the news that Trump was going to be a disaster for the economy.
In April I withdrew 20K out of my IRA for a project here at the homestead and have made it all back plus 11K since then. MAGA!!!
Excellent
Just last month I took 46k out of my 401k and paid off the mortgage!.........................
You have not made anything except on paper profits..until you actually sell and lock in the profits.
He is a disaster.........................for the Dems.................
Yes, amazing growth. Then again, some have said the market could and should go to 40,000 plus based on the devaluing of the dollar. I keep reminding myself that the stock market is trying to keep up with inflation because the dollar keeps shrinking in value. But I am also worried that Dems might try to sabotage the market prior to the election in November. It's all a gamble, a gamble I'm winning so far since 2008.
Get out. Now. Your money will be trapped next week.
Based on my own experience, the IRS is gonna love you for that.
Friday has always been a sell off day in every FR report I've ever glanced at.
The Market grows all the time. It doesn’t sit still and I think it does a decent job of keeping up with inflation.
With the market within a few hundreds points of it’s all time high on 11/07/2016, I don’t think this can be explained away as covering a period of 50% inflation over that 23 months.
I don’t think it was lagging in November of 2017 either.
Yes, I have thought of a number of Dems getting together and dumping stock to stick it to Trump.
If they were caught, I would fear for their lives, not that they wouldn’t deserve what they got.
Nope!
At 63, I’m past the penalty age, of 59.5!
Add that to my salary and put a couple of thousand in my IRA and we stay inside the new TRUMP TAX 12% limit!...........
He will be - if the Dems ever get back in........
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