Dow rises 100 points, hits record high as tech stocks bounce

G

Granule

Firebrand
U.S. stocks traded higher on Monday as technology stocks recovered from a wobbly performance last week.

The Dow Jones industrial average rose 115 points and hit a record, surpassing a previous all-time high of 21,391.97, which was set last week. The S&P 500 gained 0.7 percent to also reach a record, with information technology rising 1.4 percent to lead advancers. The Nasdaq composite outperformed, rising 1.1 percent.

Large-cap technology stocks like Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all traded higher. Last week, valuation concerns sent the overall sector lower by around 0.8 percent. Tech is by far the best-performing sector of the year, rising 17.2 percent in the period.


"I don't know where the optimism is coming from. That's not to say we should be negative. I just don't see any reason for excessive optimism or pessimism right now," said Randy Frederick, vice president of trading and derivatives at Charles Schwab.

http://www.cnbc.com/2017/06/19/us-stocks-dow-hits-record.html


Thank you, Mr. President!
 
Granule said:
U.S. stocks traded higher on Monday as technology stocks recovered from a wobbly performance last week.

The Dow Jones industrial average rose 115 points and hit a record, surpassing a previous all-time high of 21,391.97, which was set last week. The S&P 500 gained 0.7 percent to also reach a record, with information technology rising 1.4 percent to lead advancers. The Nasdaq composite outperformed, rising 1.1 percent.

Large-cap technology stocks like Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all traded higher. Last week, valuation concerns sent the overall sector lower by around 0.8 percent. Tech is by far the best-performing sector of the year, rising 17.2 percent in the period.


"I don't know where the optimism is coming from. That's not to say we should be negative. I just don't see any reason for excessive optimism or pessimism right now," said Randy Frederick, vice president of trading and derivatives at Charles Schwab.

http://www.cnbc.com/2017/06/19/us-stocks-dow-hits-record.html


Thank you, Mr. President!
Click to expand...

We pray for the Trump tax plan..........................Amen
 
Considering many believe we are in a bubble I'd be careful with the praise you offer because it can, and will, pop at some point here
 
Granule said:
U.S. stocks traded higher on Monday as technology stocks recovered from a wobbly performance last week.

The Dow Jones industrial average rose 115 points and hit a record, surpassing a previous all-time high of 21,391.97, which was set last week. The S&P 500 gained 0.7 percent to also reach a record, with information technology rising 1.4 percent to lead advancers. The Nasdaq composite outperformed, rising 1.1 percent.

Large-cap technology stocks like Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all traded higher. Last week, valuation concerns sent the overall sector lower by around 0.8 percent. Tech is by far the best-performing sector of the year, rising 17.2 percent in the period.


"I don't know where the optimism is coming from. That's not to say we should be negative. I just don't see any reason for excessive optimism or pessimism right now," said Randy Frederick, vice president of trading and derivatives at Charles Schwab.

http://www.cnbc.com/2017/06/19/us-stocks-dow-hits-record.html


Thank you, Mr. President!
Click to expand...

Is that the same DOW as an economic indicator that the Don labeled as "false economy" when he was campaigning?

When your "Mr President" can take the Dow from 7947 to 19,127 get back to us
 
archives said:
Is that the same DOW as an economic indicator that the Don labeled as "false economy" when he was campaigning?

When your "Mr President" can take the Dow from 7947 to 19,127 get back to us
Click to expand...

Name one thing, executive order, or policy that Obama did to make the stock market climb. Other than not repeal Bush's tax cuts. The rise and fall of the economy really does not rest on any President other than starting a war. It is the American people and investors, not government, that decide it.
 
Granule said:
U.S. stocks traded higher on Monday as technology stocks recovered from a wobbly performance last week.

The Dow Jones industrial average rose 115 points and hit a record, surpassing a previous all-time high of 21,391.97, which was set last week. The S&P 500 gained 0.7 percent to also reach a record, with information technology rising 1.4 percent to lead advancers. The Nasdaq composite outperformed, rising 1.1 percent.

Large-cap technology stocks like Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all traded higher. Last week, valuation concerns sent the overall sector lower by around 0.8 percent. Tech is by far the best-performing sector of the year, rising 17.2 percent in the period.


"I don't know where the optimism is coming from. That's not to say we should be negative. I just don't see any reason for excessive optimism or pessimism right now," said Randy Frederick, vice president of trading and derivatives at Charles Schwab.

http://www.cnbc.com/2017/06/19/us-stocks-dow-hits-record.html


Thank you, Mr. President!
Click to expand...
/?
Where were you during the 100 pt days under Obama?
 
Sailor said:
It is the American people and investors, not government, that decide it.
Click to expand...

precisely, and trump has given hope to that process, his entire vision is bringing more jobs to people previously booted from the work force either through regulations, loss of jobs overseas because of the corporate tax rates, and most importantly unfair outdated trade agreements left in place through the inaction of our prior administrations lack of business sense.

Watch Trump work, all I can offer
 
cawacko said:
Considering many believe we are in a bubble I'd be careful with the praise you offer because it can, and will, pop at some point here
Click to expand...
I give him an "A" for trying, and God knows he'll need all the help he can get.

We can't forget that this downward spiral began long before he got into the WH.
 
Granule said:
I give him an "A" for trying, and God knows he'll need all the help he can get.

We can't forget that this downward spiral began long before he got into the WH.
Click to expand...

The Fed arguably has more control over what's happening in the market as we saw how the market reacted to QE. You're free to say whatever you want I'm just saying the market is in a bubble. It was in one under Obama and continues to be in one now. If you start praising him today for this it's going to be a lot harder to claim it's not his fault when the bubble does pop, which it will
 
Sailor said:
Name one thing, executive order, or policy that Obama did to make the stock market climb. Other than not repeal Bush's tax cuts. The rise and fall of the economy really does not rest on any President other than starting a war. It is the American people and investors, not government, that decide it.
Click to expand...
Everybody on this board knows that. They just use the ups and downs of the Dow as an indicator of how the president is miraculously manipulating the economy.
I remember dims on the old Bill Maher board posting how Bush was manipulating gas prices to enrich Cheney. lol
 
Sailor said:
Name one thing, executive order, or policy that Obama did to make the stock market climb. Other than not repeal Bush's tax cuts. The rise and fall of the economy really does not rest on any President other than starting a war. It is the American people and investors, not government, that decide it.
Click to expand...

Why did you cross-examine the liberal poster archives instead of Granule, the conservative who started the OP? Partisan hack.
 
aloysious said:
Everybody on this board knows that. They just use the ups and downs of the Dow as an indicator of how the president is miraculously manipulating the economy.
I remember dims on the old Bill Maher board posting how Bush was manipulating gas prices to enrich Cheney. lol
Click to expand...

I think you've inadvertently hit the nail on the head. The word "indicator." A robust equity security market can be an indicator of the sentiment of the investing population in the overall health of the economy, and sometimes that mirrors a similar attitude towards the job the Potus is doing.
It can't be denied that the market can react to a discrete event, such as a dumb thing a Potus says or does or threatens to do. For instance a saber rattling remark can cause oil to skid, which can cause the overall index to fall. Trump certainly pumped things up by lying his ass off with his pro business pablum and puffery.

So sailor's demand for facts (his constant demand, by the way, while never being the detailed oriented mind that can offer many of his own) misses the mark.

But I am surprised a wildcard like Trump does not terrify the market. Obama was a steady hand at the wheel. He was rewarded by a DOW that went from 7K to 19K. Why its risen from 19 to 21 I can't guess, with a freak under investigation like Trump tweeting like a tweaker.
 
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