Saturday, 20 October, 2018

The Dow hits 22000 for the first time

Dow closes above the 22K level. S&P and Nasdaq near unchanged. One Stock Has Helped Dow's Rise More Than Any Other
Kelvin Reese | 03 August, 2017, 01:08

The National Association of Realtors said its Pending Home Sales Index, based on contracts signed last month, jumped 1.5 percent to a reading of 110.2.

Snap's $3.4 billion March IPO was the third-largest ever for a USA tech company but some investors were taken aback by the company's unusual decision to offer new investors a class of common stock with no voting rights.

The Dow surged to its fifth straight record close on Tuesday (Aug 1) amid bullish investor sentiment following strong corporate earnings and ahead of Apple's much-anticipated quarterly report.

European markets closed higher: London's FTSE rose 0.7 per cent, Paris added 0.7 per cent and Frankfurt lifted 1.1 per cent. The U.S. dollar soared after the election because of expectations that tax cuts and public works spending would accelerate the economy.

SPDR Dow Jones Industrial Average ETF (NYSE DIA) traded up 0.14% on Friday, hitting $218.02. He said there are better opportunities in overseas markets, especially in Europe. That's how it is supposed to work, he adds. The falling dollar has helped sales for companies such as Boeing and Apple that sell a lot overseas. That's because it makes their products more affordable when purchased with stronger currencies.

Investors also dealt with conflicting statements from Federal Reserve officials. The market indicator reached its highest level Wednesday morning just after trading opened.

"We anticipate a stronger upgrade cycle in (2018) with the 10-year anniversary iPhone 8, as our surveys indicate strong consumer interest in and anticipation for new iPhones anticipated to launch in September", said Canaccord Genuity analyst Michael Walkley.

Final Fantasy 15 Update 1.13 Adds Magitek Exosuits, Quests, And More
A new quest, "O Partner, My Partner" - can be accepted from the Meldacio Hunter HQ after the player has completed Chapter 8. The new Cross Chain system allows heavy hits and defense breaks with additional chain links between you and the gang.

One day 10% off deal on PlayStation VR and PS4 Pro
Sony stated that the improvement was due to better PlayStation 4 software sales along with contributions from PlayStation VR . During the current quarter, restructuring charges, net, increased 0.7 billion yen year-on-year to 2.4 billion yen.

Celebrating the Chic, Unfussy Style of French Actress Jeanne Moreau
Her work in France attracted the attention of Hollywood, and she ended up starring for the likes of Orson Welles and Luc Besson. It's moody, somber and unforgiving, with one of Moreau's most nuanced performances and an equally riveting turn by Mastroianni.

"I don't think it foretells the next leg of the market", says Bell.

"It's been a very good earnings season so far which is helping to sustain United States stocks at record highs and offset any disappointment with Donald Trump's inability to make progress on his growth policies".

Risks still remain. The Dow, in addition to getting pricey relative to the earnings streams of its 30 components, also faces potential risk from the inability of Washington lawmakers to work together and get things done, she says.

The Dow is a price-weighted index, meaning that companies with higher share prices - not market capitalization - have an outsized influence on its level.

Other tech stocks also gained in extended trading with Alphabet, Netflix and Amazon shares all higher.

It has taken the Dow just a little over five months to jump to 22,000 from 21,000, and register a growth of almost 11% since the start of the year, based on strong corporate earnings overall. Still, Mr. McMillan warned that investor appetite is mostly driven by a few sector giants.

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