Stocks surge to Record Close, have best start to a year since 2003
invite response
2018 Jan 12, 1:09pm 15,826 views 54 comments
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52
anonymous
2018 Nov 28, 2:45pm
I'm more worried about their secretive quantitative tightening, which will have a much bigger impact. They may hold FFR steady, but they continue to roll off billions of $s in long term bonds and mortgage assets.
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The Dow Jones industrial average rose 197 points to an all-time high. J.P. Morgan Chase was among the best-performing stocks in the index, rising 1.1 percent.
The S&P 500 reached a record high, climbing 0.6 percent with industrials and consumer discretionary as the best-performing sectors.
The index was also enjoying its best 10-day start to a year since 2003. In that time period, the S&P 500 is up 4 percent. It gained 5.9 percent during the first 10 days of 2003.
The Nasdaq composite traded 0.6 percent higher and also hit an all-time high. Amazon shares rose 2.1 percent and broke above $1,300 for the first time.
https://www.cnbc.com/2018/01/12/us-stocks-earnings-season-dow-jp-morgan.html
#economics