Thursday, January 26, 2017 1:22:57 AM
Dow Closes Above 20000 for First Time
Raised from 18000 since Nov 7 election, Amazing!
#msg-123253028 Copper: indicator of Global Economy
#msg-117484345 VelocityShares 3X Long/Short
It took the blue-chip index 42 trading days to close above 20000 -- the second-fastest thousand-point gain in the index's history, after its 24-day climb from 10000 to 11000 during the dot.com boom in 1999.
The Dow industrials have soared since Election Day, buoyed by investors' bets that the administration of President Donald Trump will pursue policies such as tax cuts, regulatory rollbacks and infrastructure spending that could improve the outlook for U.S. companies.
The index has risen more than 9% since Nov. 8, notching several highs, and closed above 19000 for the first time ever Nov. 22. The gains also came as earnings from companies including banks highlighted improving corporate profits and ongoing U.S. economic growth.
Boeing, Caterpillar and the two banks (J.P. Morgan Chase and Goldman Sachs) have been among the biggest contributors to the Dow's rise since Election Day.
Raised from 18000 since Nov 7 election, Amazing!
#msg-123253028 Copper: indicator of Global Economy
#msg-117484345 VelocityShares 3X Long/Short
It took the blue-chip index 42 trading days to close above 20000 -- the second-fastest thousand-point gain in the index's history, after its 24-day climb from 10000 to 11000 during the dot.com boom in 1999.
The Dow industrials have soared since Election Day, buoyed by investors' bets that the administration of President Donald Trump will pursue policies such as tax cuts, regulatory rollbacks and infrastructure spending that could improve the outlook for U.S. companies.
The index has risen more than 9% since Nov. 8, notching several highs, and closed above 19000 for the first time ever Nov. 22. The gains also came as earnings from companies including banks highlighted improving corporate profits and ongoing U.S. economic growth.
Boeing, Caterpillar and the two banks (J.P. Morgan Chase and Goldman Sachs) have been among the biggest contributors to the Dow's rise since Election Day.
My post is for Your Eyes only and my entertainment
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