DOW, S&P 500 and NASDAQ close at record highs

[Русский агент]

DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs - DOW, S&P 500 and NASDAQ close at record highs -


Wall Street’s three major indexes climbed to record closing highs on Friday with broad-based gains as a long-awaited bill to cut corporate tax rates looked like it would win enough support from lawmakers to pass.

Republican Senator Bob Corker joined Senator Marco Rubio in signaling support in the late afternoon.

The bill is expected to drop corporate tax rates to 21 percent from 35 percent and some investors are betting that companies will put most of the savings toward a boost in shareholder payouts.

“It’s meaningful in terms of its impact on shareholders. You’re going to see an increase in stock buybacks, maybe some dividend payouts,” said David Joy, chief market strategist at Ameriprise Financial in Boston.

“By and large there’s a high correlation between higher equity prices and consumer confidence and consumer spending. Some translates into rising consumer sentiment and better feelings about job security,” he said.

Advancing issues outnumbered declining ones on the NYSE by a 2.24-to-1 ratio; on Nasdaq, a 2.32-to-1 ratio favored advancers.

The S&P 500 posted 37 new 52-week highs; the Nasdaq Composite recorded 85 new highs.



https://www.reuters.com/article/us-usa-stocks/wall-street-closes-at-records-with-tax-overhaul-in-sight-idUSKBN1E91GO

[Darth Omar]

It’s Obama lol.

[Irish]

MAGA!

[Irish]

It’s Obama lol.

LOL!

[archives]

[QUOTE=Darth Omar;2140067]It’s Obama lol.[/QUOTE

Well you got something right, did you think the market was reset at zero last January, if I am not mistaken, Trump took office with it approaching twenty thousand, significantly up from the seven thousand it stood at when Obama ascended, all Trump had to do is not blow it, which I'll admit he has been successful at so far, so far

Facts hurt don't they

[Darth Omar]

[QUOTE=archives;2140076]

It’s Obama lol.[/QUOTE

Well you got something right, did you think the market was reset at zero last January, if I am not mistaken, Trump took office with it approaching twenty thousand, significantly up from the seven thousand it stood at when Obama ascended, all Trump had to do is not blow it, which I'll admit he has been successful at so far, so far

Facts hurt don't they

Deregulation is a fact.

As is the consumer confidence index.

[cawacko]

The fact is this is still a Fed (easy money) driven asset bubble. Janet Yellen is being hailed as a hero as she leaves but lets see if that love is still there when this pops.

[archives]

[QUOTE=Darth Omar;2140081]

Deregulation is a fact.

As is the consumer confidence index.

Deregulation is an end to protectionism, net neutrality, class action suits, consumer safeguards, etc., and it has nothing to do with the Market rising, it has been hitting new record highs for years now

[archives]

The fact is this is still a Fed (easy money) driven asset bubble. Janet Yellen is being hailed as a hero as she leaves but lets see if that love is still there when this pops.

You mean the near two trillion dollar tax plan stimulus isn't going help? Which would be happening right at the time the Fed is about to start raising interest rates

[Jarod]

Im very glad Rump has not ruined Obama's trajectory!

[dukkha]

MAGA

[Jarod]

MAGA

Many
Are
Getting
Arrested

[cawacko]

[QUOTE=archives;2140106]

Deregulation is an end to protectionism, net neutrality, class action suits, consumer safeguards, etc., and it has nothing to do with the Market rising, it has been hitting new record highs for years now

Deregulation does a lot of great things. It can allow people to build affordable housing in shorter periods of time when it could be held up for years prior.

Moving towards a more command economy is not going to help our country regain robust growth which is what we have been doing.

[cawacko]

You mean the near two trillion dollar tax plan stimulus isn't going help? Which would be happening right at the time the Fed is about to start raising interest rates

It could help but it doesn't take away from what the Fed has done

[Darth Omar]

Im very glad Rump has not ruined Obama's trajectory!

Obama’s economy needed a booster rocket, I’ll grant that much lol.