Dow Jones

Dow Jones Industrial Average Crosses 21,000 For First Time

... “has become a lot more compelling” in light of the economy’s current and expected performance. San Francisco Fed President John Williams also said in a speech Tuesday that a rate increase at the central bank’s meeting in March was “very much on the table for serious consideration.”. Bank stocks surged. Financial shares in the S&P 500 rose 2.4 percent, leading gains. Bank of America rose 3.4 percent and Morgan Stanley added 2.9 percent. Higher interest rates tend to boost the profitability of banks’ lending activities. The prospect of higher U. S. rates rippled across to Europe, pulling local government bond yields higher across the board. “The bond market doesn’t look great over the next 12 to 18 months. It looks like the Fed is committed to a path of normalization,” said Bob Michele, head of the global fixed income, currencies and commodities group at J. P. Morgan Asset Management. “We see growth and inflationary pressures picking up globally.”. In Asia, a weakening yen helped Japan’s Nikkei Stock Average close up 1.4 ...

Ftse 100 Hits New Record High And Dow Jones Smashes 21,000 On Trump-trade But Pound Sinks Below $1.23 On Weak Data

... six years, according to a business surveythat also showed a weaker euro boosted demand for exports. IHS Markit's final manufacturing Purchasing Managers' Index for the euro zone rose to 55.4 in February, the highest since April 2011, from January's 55.2. It was revised down slightly from a flash estimate of 55.5 but remained far above the 50 mark denoting growth in activity. #Eurozone Manufacturing #PMI rises to 70-month high as growth accelerates in. Germany, the Netherlands and Italy. __link__/FR 2 cd G 3 s Vv __link__/v Ugl Ul 8 ca 1. — Markit Economics (@Markit Economics) March 1, 2017. An index measuring output, which feeds into the composite PMI, due on Friday, jumped to 57.3, which was also the highest in nearly six years. The flash composite PMI suggested economic growth of 0.6 percent in the first quarter. "Euro area manufacturers ...

Is The Dow Jones Industrial Average Index Misleading Or Meaningless Or Both

... a $1 move in the smallest component of the DJIA has the same effect as a $1 move in the largest component of the average. Journalists have been using the DJIA as THE indicator of the strength of 30 of the largest companies in the United States. Size matters for the selection of the companies. Why does it not matter for the weighting of those companies. Analyzing the composition might be an eye opener. God bless Goldman Sachs. Among the 30 companies composing the DJIA index , Goldman Sachs has the lion share. Yes, tiny Goldman is approaching a record $ 100 billion market capitalization. It had a record price yesterday. But few investors might know that 8.32% of the index is represented by Goldman Sachs. Yes, you read well. Each time an investor buys a dollar of the index one twelfth of that money is invested in Goldman Sachs shares. This is pure bonanza, but might explain some of the market value of Goldman. This ...

Dow Jones Industrials Breaks Through 21,000-point Barrier

... the New York Stock Exchange Wednesday. About 8.1 billion shares changed hands on US exchanges, well above the 6.9 billion daily average for the past 20 trading days, according to Thomson Reuters data. Investor optimism over corporate tax cuts and other policy proposals reiterated by Trump during his Tuesday night address drove the rally. Banks were the biggest gainers amid heightened expectations that an improving economy will lead to higher interest rates. New York Fed President William Dudley - one of the most influential US central bankers, and usually considered a dove - said late Tuesday that the case for tightening monetary policy had become 'a lot more compelling', while San Francisco Fed President John Williams said he saw 'no need to delay' raising rates. A March rate hike would be sooner than many investors expected and make it more expensive to borrow money to buy stocks but it would also signal policymakers' growing confidence in economic expansion after nearly a decade of tepid growth. 'It's not necessarily the rate increase that matters. It's that they're seeing things improving. If the Fed feels more ...

Dow Jones Industrial Average Turns Lower After Fresh High

... 12:00 PM. The Dow Jones Industrial Average (DJIA) briefly clawed its way into positive territory, tapping a fresh intraday record high, but has since slid back into the red. The large-cap index is in jeopardy of snapping its recent string of record closing highs, as a 12 th straight win would match the longest streak in history. President Donald Trump is in the spotlight ahead of tomorrow's speech before a joint session of Congress, where traders are hoping more details of his highly anticipated tax reform plans will be revealed. The president also noted in a meeting with governors today his desire to "make the government lean and accountable," and promised a "big" statement on infrastructure. A mixed round of economic data , including a drop in pending homes sales, is having a relatively muted effect on stocks, but investors will be looking forward to tomorrow's release of preliminary gross domestic product (GDP) data. Continue ...

Dow's Ridiculous String Of Records Finally Comes To An End

... for President Trump's speech at 9 p.m. ET to a joint session of Congress. Investors are craving more details about Trump's pro-business agenda of tax cuts , deregulation and infrastructure spending. Counting this week's march higher, the Dow has now skyrocketed roughly 2,500 points since Trump's victory. And stocks could resume their march higher if investors are happy with what Trump has to say tonight. "Needless to say, a lot of hope is built into this speech tonight," Michael Block, chief market strategist at Rhino Trading, wrote in a note. Block said that Wall Street could celebrate with a "big rally" if Trump talks "specific numbers" on tax reform, infrastructure spending and jobs programs. Related: What Wall Street wants to hear from Trump. But investors could be disappointed if Trump's big prime time speech is ...

3 Dow Jones Stocks That Are Weighing You Down

... can’t expect much in the way of significant dividend hikes, as KO pays out almost 85% of its earnings in dividends already. Coca-Cola might be one of the most well-known Dow Stocks, but it’s low on potential. 3 Dow Jones Stocks That Are Weighing You Down. 1-year VZ/S&P 500 total return: __link__/22.77%. 3-year average VZ/S&P 500 total return: __link__/12.02%. 5-year average VZ/S&P 500 total return: __link__/13.71%. Verizon Communications Inc. ( VZ ) is locked in battle with long-time adversary AT&T Inc. ( T ), as it always was, and as it always will be. All the while, Verizon continues to throw off big dividends, but ultimately underperform. Verizon’s revenues slipped a bit last year, and the bottom line has been messy, bouncing around a lot over the past few years, including a 26% decline in 2016. Verizon has spent almost $100 billion on wireless network and infrastructure buildout over the past five years. Meanstwhile, it’s trying to figure out other avenues of growth amid a saturated telecom market. That has led to buyouts of tech cast-off AOL for $4.4 billion, the fiber business of XO Communications for $1.8 billion, and $4.8 billion for Yahoo! Inc. ( ...

Trump Boosts Stock Markets With Massive $1trilllion Infrastructure Plan

... to touch 2,389. Mr Trump said he plans to plough $1 trillion (£800 billion) into upgrading transport and communication links and confirmed that he wants taxes slashed, as well as higher spending on defence. And he repeated his pledge to build a wall between American and Mexico. The speech was light on details but investors appeared to be untroubled. Stocks have surged since Mr Trump won the election in November, amid hopes of a huge boost to the economy. Related articles. The Dow Jones has reached record highs in 2017. Michael Hewson, chief market analyst at CMC Markets UK, said: "We’ve seen a turbo charged start to the month on the back of US President Donald Trump’s pledge to spend up to $1 trn on rebuilding the infrastructure of the United States, with the FTSE 100 and FTSE 250 both making new record highs, ...

Dow Jones Acquires Riskaverter

... solution for corporate customers. Due for launch in summer 2017, Dow Jones’s new workflow application will consist of a complete solution to assess, investigate and monitor third party risk, leveraging the Risk Averter technology to score and categorize the risk levels of third parties based on responses to a proprietary questionnaire. In doing so, the solution enables businesses to focus resources on their higher risk third parties, therefore managing the third-party due diligence process more efficiently. The solution also makes recommendations based on the risk category to remediate anti-corruption, human trafficking and other third party risks. “Over the past 14 months we have added both Batch Screening and Risk Reports to our Risk Center offering. The acquisition of Risk Averter will further strengthen our suite of risk and compliance solutions, powered by Dow Jones’s world-class data,” said Joel Lange, managing director of Dow Jones Risk and Compliance. Jim Lord, Compliance Strategies International’s CEO and co-founder, will consult on the Risk Averter product for Dow Jones Risk and Compliance. Before launching Risk Averter, Mr Lord served as an ...

Time To Sell? Part 2

... is employed, I am disciplined and resolute in that regard. However, I deviate from the never-sell dogma from time to time. Blasphemy? Perhaps. But the standard I set is my own and that is what I need to be comfortable with. The way I approach my investment strategy is the same way I approach life in general. Let's start with the obviously parallel: Don't react hastily when something new enters the equation. Don't let emotions cloud your judgment. Minimize fees and procure good values by waiting for sales and doing due diligence. Always do hours and hours of research before making any big purchase. Stay apprised of technology and the news to keep abreast of dynamic shifts, etc. I assume you share in most of these (regardless of whether you're long/short/trader, etc.) and we could extend the list to include many more - I encourage you to post your additions in the comment section below. Now let's look at the tangentially related life parallels: 1) Tend to and don't abandon your belongings just because something new and flashy comes along. 2) Exercise and eat healthily every day. 3) Honor your commitments and be loyal. 4) Don't ...

Dow Jones Industrial Average Skyrockets 303 Points, Roars To Record Highs

... on today's market, including. What this rare VIX signal means for stocks. The biotech stock that blew up by 53%. 2 ETF s you'll want to own this month, if history is any indicator. Plus. 2 insurance stocks to watch, a FANG technical alert, and Oprah's big day. The  Dow Jones Industrial Average (DJIA -  21,115.55)  shot higher out of the gate and never looked back, adding 303.3 points, or 1.5%, in addition to topping out at a record 21,169.11 intraday. Twenty-eight Dow stocks advanced, paced by JPMorgan Chase & Co.'s ( JPM ) 3.3% jump. On the other hand, Wal-Mart Stores Inc ( WMT ) and Intel Corporation ( INTC ) lost 0.7% apiece. The  S&P 500 Index (SPX - 2,395.96)  drove to a gain of 32.3 points, or 1.4%, and touched its highest mark ever at 2,400.98. The Nasdaq Composite (COMP - 5,904.03)  added 78.6 points, or 1.4%, while nabbing its own all-time high of 5,911.79. The  CBOE Volatility Index (VIX - 12.54) plunged 0.4 point, or 2.9%, ...

Dow Up For 10th Straight Day, 21k In Reach

... on __link__: __link__ ly Kq Mb. Cancel Send. A link has been sent to your friend's email address. A link has been posted to your Facebook feed. To find out more about Facebook commenting please read the Conversation Guidelines and FAQs. And they called it the streak: Dow up for 10 th straight day, 21 K in reach. Adam Shell , USA TODAY Published 6:30 a.m. ET Feb. 23, 2017 | Updated 6:14 p.m. ET Feb. 23, 2017. This is what you need to know before the market opens: The Dow Jones closed Wednesday at 20,775, notching its ninth straight day with a record finish. That marks its longest record-making streak in 30 years. Video provided by The Street Newslook. Traders Patrick Casey, left, and Peter Tuchman work on the floor of the New York Stock Exchange, Wednesday, Feb. 22, 2017. Declines in energy and industrial stocks are leading U. S. indexes slightly lower in early trading as the market comes off a record closing high the day before. (Photo: ...