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Dow jumps 240 points to all-time high as Wall Street ends record-breaking week on a high note
CNBC ^ | July 12, 2019 | Fred Imbert

Posted on 07/12/2019 1:04:13 PM PDT by abb

Stocks rose to all-time highs on Friday as investors looked to end a record-setting week on a high note after testimony from the top Federal Reserve official signaled that a rate cut was coming.

The Dow Jones Industrial Average jumped 200 points. The S&P 500 traded 0.3% higher and was on pace to close above 3,000 for the first time ever. The Nasdaq Composite advanced 0.5% to a record high.

Shares of Dow, Inc. led the Dow Industrials higher, rising nearly 4%. Intel and Caterpillar, meanwhile, climbed 2.3% and 2.4%, respectively. J.B. Hunt Transport Services was the best-performing stock in the S&P 500, jumping 6.2%, and leading a 1.5% gain in the industrials sector.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events
KEYWORDS: djibouti; dow10000; dowjones; nasdaq; sp500; trumpeconomy
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This just in.
1 posted on 07/12/2019 1:04:13 PM PDT by abb
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To: abb

Unexpectedly...


2 posted on 07/12/2019 1:05:22 PM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: abb

S&P 500 closes above 3,000 for another record.

https://www.google.com/finance#wptab=s:H4sIAAAAAAAAAOPQeMSozC3w8sc9YSmpSWtOXmMU4RJyy8xLzEtO9UnMS8nMSw9ITE_l2cXE6-Pv7OgT7-sY5O0aEryIlT0NogoADTtKOkIAAAA


3 posted on 07/12/2019 1:05:58 PM PDT by cll (Serviam!)
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To: cll

Unexpected...


4 posted on 07/12/2019 1:07:07 PM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: abb

I put 10K into an S&P 500 index fund a month ago.
My return has been five percent to date. That’s sixty per cent annualized. The next correction will be a doozy.


5 posted on 07/12/2019 1:11:06 PM PDT by sparklite2 (Don't mind me. I'm just a contrarian.)
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To: abb

Money making money ...... I like it.


6 posted on 07/12/2019 1:12:13 PM PDT by Squantos (Be polite, be professional, but have a plan to kill everyone you meet ...)
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To: abb

They know Trump is going to blow it away in 2020. It’s gonna look like 1984.


7 posted on 07/12/2019 1:12:31 PM PDT by Steely Tom ([Seth Rich] == [the Democrat's John Dean])
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The democrats and the fed better get their collusion into high gear to sabotage the US economy next summer


8 posted on 07/12/2019 1:14:39 PM PDT by dsrtsage (For Leftists, World History starts every day at breakfast)
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To: abb

Trump has manufactured this.....crisis?


9 posted on 07/12/2019 1:14:45 PM PDT by VanDeKoik
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To: abb

Dow Jones - 10 Year Daily Chart

Image result for dow jones chart 10 years

https://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years

10 posted on 07/12/2019 1:15:29 PM PDT by ETL (REAL Russia collusion! Plus MUCH more!! Click ETL...)
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To: sparklite2

RE: The next correction will be a doozy.

Put a trailing stop to consolidate your gains.


11 posted on 07/12/2019 1:18:26 PM PDT by SeekAndFind (look at Michigan, it will)
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To: abb

Its amazing how closely this follows Federal Reserve monetary policy - or even just hints about it.


12 posted on 07/12/2019 1:19:03 PM PDT by PGR88
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To: SeekAndFind

Can you do that with an index fund?


13 posted on 07/12/2019 1:19:29 PM PDT by sparklite2 (Don't mind me. I'm just a contrarian.)
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To: sparklite2

RE: Can you do that with an index fund?

Sure, if you buy an ETF and not a mutual fund.


14 posted on 07/12/2019 1:21:42 PM PDT by SeekAndFind (look at Michigan, it will)
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To: abb

We need five more years of this and I will be able to retire along with DJT in 2025.


15 posted on 07/12/2019 1:22:06 PM PDT by cll (Serviam!)
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To: abb

8 years of GWB and 8 years of Obama got me practically nothing in a return.
Two years into Trump and it feels like 1998 again.


16 posted on 07/12/2019 1:23:58 PM PDT by Zathras
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To: abb

Record debt as well.


17 posted on 07/12/2019 1:23:59 PM PDT by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
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To: abb

Gold on a run too. Can someone explain to me the dynamic of a rising DOW and gold?


18 posted on 07/12/2019 1:26:31 PM PDT by JonPreston
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To: SeekAndFind

That looks a little over my head.
Think I’ll stick with buy and hold.


19 posted on 07/12/2019 1:26:46 PM PDT by sparklite2 (Don't mind me. I'm just a contrarian.)
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To: Theoria

RE: Record debt as well.

For this, BLAME CONGRESS.

Tax Revenue is up, but SPENDING RATE is even HIGHER !!


20 posted on 07/12/2019 1:27:26 PM PDT by SeekAndFind (look at Michigan, it will)
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