Dow hits record, surpassing January level, as Apple rises and trade-war fears simmer down

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1989TransAm
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Dow hits record, surpassing January level, as Apple rises and trade-war fears simmer down

Post by 1989TransAm » Thu Sep 20, 2018 10:56 am

President Trump, you magnificent bastard. :D Dow hit 26621.84.

"The Dow Jones Industrial Average hit its first record high since January on Thursday as gains in Apple and a decrease in trade fears lifted the 30-stock index.
The Dow rose 219 points as Boeing, Caterpillar and Apple outperformed. The S&P 500 also hit an all-time high, its first since late August, as materials and tech outperformed.
President Donald Trump touted the S&P 500's record in a tweet, saying "Congrats USA!"
Tweet
Art Cashin, director of floor operations for UBS, said the Dow's record should be a bullish confirmation of the high reached by the Dow Transports last week. "That should be a Dow theory buy signal," Cashin said. "According to the theory, the economy is supposed to be improving and therefore you have six to nine months of a higher stock market."
The Nasdaq Composite also rose 0.5 percent as Amazon shares gained 0.8 percent ahead of an event where they are expected to unveil new Alexa-powered devices. Apple, meanwhile, gained nearly 1 percent.
Boeing and Caterpillar, two bellwethers for trade, rose 1.1 percent and 2.3 percent, respectively.
As tensions between the two largest economies in the world slap tariffs on each other's goods, the Chinese commerce ministry said Thursday the country hopes the U.S. will take steps to correct its behavior.

https://www.cnbc.com/2018/09/20/wall-st ... kseat.html

j-c-c
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Re: Dow hits record, surpassing January level, as Apple rises and trade-war fears simmer down

Post by j-c-c » Thu Sep 20, 2018 2:52 pm

1989TransAm wrote:
Thu Sep 20, 2018 10:56 am
President Trump, you magnificent bastard. :D Dow hit 26621.84.

"The Dow Jones Industrial Average hit its first record high since January on Thursday as gains in Apple and a decrease in trade fears lifted the 30-stock index.
The Dow rose 219 points as Boeing, Caterpillar and Apple outperformed. The S&P 500 also hit an all-time high, its first since late August, as materials and tech outperformed.
President Donald Trump touted the S&P 500's record in a tweet, saying "Congrats USA!"
Tweet
Art Cashin, director of floor operations for UBS, said the Dow's record should be a bullish confirmation of the high reached by the Dow Transports last week. "That should be a Dow theory buy signal," Cashin said. "According to the theory, the economy is supposed to be improving and therefore you have six to nine months of a higher stock market."
The Nasdaq Composite also rose 0.5 percent as Amazon shares gained 0.8 percent ahead of an event where they are expected to unveil new Alexa-powered devices. Apple, meanwhile, gained nearly 1 percent.
Boeing and Caterpillar, two bellwethers for trade, rose 1.1 percent and 2.3 percent, respectively.
As tensions between the two largest economies in the world slap tariffs on each other's goods, the Chinese commerce ministry said Thursday the country hopes the U.S. will take steps to correct its behavior.

https://www.cnbc.com/2018/09/20/wall-st ... kseat.html
Pride goeth before a fall =D>

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Re: Dow hits record, surpassing January level, as Apple rises and trade-war fears simmer down

Post by sanfordandson » Thu Sep 20, 2018 3:08 pm

"trade war fears simmer down"

Yet all Americans are paying the price for this new round of taxes (tariffs).

Sad the so called conservatives are now ok with massive tax hikes... [-X

j-c-c
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Re: Dow hits record, surpassing January level, as Apple rises and trade-war fears simmer down

Post by j-c-c » Thu Sep 20, 2018 3:22 pm

"But it's got electrolytes"
"I like money"
https://www.rottentomatoes.com/m/idiocracy/quotes/

1989TransAm
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Re: Dow hits record, surpassing January level, as Apple rises and trade-war fears simmer down

Post by 1989TransAm » Thu Sep 20, 2018 3:56 pm

The trolls have arrived. ^^^^^^^^^^^^^^

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Re: Dow hits record, surpassing January level, as Apple rises and trade-war fears simmer down

Post by j-c-c » Thu Sep 20, 2018 4:07 pm

1989TransAm wrote:
Thu Sep 20, 2018 3:56 pm
The trolls have arrived. ^^^^^^^^^^^^^^
Go back to sleep.

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Re: Dow hits record, surpassing January level, as Apple rises and trade-war fears simmer down

Post by RevTheory » Thu Sep 20, 2018 4:57 pm

1989TransAm wrote:
Thu Sep 20, 2018 3:56 pm
The trolls have arrived. ^^^^^^^^^^^^^^
Of course they did; it's more good news from our beloved magnificent bastard. Trump train, baby! \:D/

1989TransAm
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Re: Dow hits record, surpassing January level, as Apple rises and trade-war fears simmer down

Post by 1989TransAm » Thu Sep 20, 2018 6:58 pm

It gets harder and harder for the snowflakes. :D

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