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Posted on 05/29/2026 4:45:34 PM PDT by Ken H
U.S. equities closed at record highs on Friday, while crude prices slipped, helping the major averages score a winning month, boosted by technology.
The Nasdaq Composite settled up 0.2% at 26,972.62, while the S&P 500 climbed 0.22% to 7,580.06. The Dow Jones Industrial Average finished up 363.49 points, or 0.72%, at 51,032.46. All three indexes hit fresh all-time intraday highs earlier as well.
(Excerpt) Read more at cnbc.com ...
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Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
Rich getting richer and working class getting the shaft..
Rich getting richer and working class getting the shaft..
ā¬”Arise, ye prisoners of starvation.....”ā¬
Anyone with IRA or 401-K most likely is participating in the stock rally. And they are not all rich, just ordinary working Americans.
All my contractor friends are busier than hell. Apparently you hang around some low energy folks. You sound like a damn socialist
Give your definition of “working class”.
Working Class Hero šš¤”
I’m a juvenile product of the working class
Whose best friend floats in the bottom of a glass, oh
https://youtu.be/AhnZEmnuzgM
Saturday Nights all right for Fighting.š
Lots of construction work going on, in my neighborhood and area. Empty lots of failed stores, vacant for many years, all of a sudden are being cleared and built on with new stores. Lots of remodeling and roofing jobs happening, and concrete work. Big difference over last few years. Even though costs are high and layoffs happening, money is being spent on jobs.
Are you seeing actual stores where you are? We have a few from time to time, but mostly I see LOTS of new warehouses going up. So much is online commerce now.
True but it’s not the fault of the stock market. Pretty much anyone can open a brokerage account with no minimum and buy into the S&P 500 for $89 (SPYM) then hold on for the ride.
I’m doing quite well.. my 401k is doing awesome. I’m working class.
Not investing is a choice, bad one but a choice.
Working ass apparently.
Seeing lots of apartment buildings, and upscale stores and restaurants.
Retail is here today and gone tomorrow with newer vacant buildings when they file bankruptcy... Yesterday Walmart announce sales have fallen to new lows as the middle class is cutting spending. JP Morgan confirmed that report.
Those are trade jobs and they are safe for now from AI now but once the White Collar jobs peter out so will the Trades.. Many companies are cutting head counts in the name of AI but in fact it is to downsize and entry level jobs are being traded for AI....
Yep renters for life...
Yes. 5 bloocks away was a lot where a Burger King went out of business 5 years ago, abandoned. Now the lot was cleared and an In-N-Out is being built. About ten blocks away was and empty block the stores were abandoned some 10 years ago, but now the entire block is being developed and a new Safeway grocery store is opening there in a few weeks, other stores later this year. A theater multiplex vacant for years was just demolished and the lot is being developed. Lots of nearby activity building corporate buildings and stores.
Very good! Iām glad to hear there is a new injection of businesses, and not just warehouses. We see warehouses popping up everywhere around here.
Yes, also some actual stores here and there. Revitalizing is happening in certain areas.
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