Dow Jones

Stocks Post Worst Trading Day Of 2017 After Trump Immigration Debacle

... the short-term two-year note yield around 1.22 percent. The U. S. dollar fell 0.1 percent against a basket of currencies, with the euro near $1.069 and the yen around 113.7. In corporate news, earnings season continues this week as the likes of Exxon Mobil , Apple , Facebook and UPS get set to report quarterly results. European stocks traded broadly lower, with the pan-European Stoxx 600 index dropped 1.05 percent. In Asia, stocks also fell, with the Japanese Nikkei 225 dropping 0.51 percent. The Shanghai equity market was closed for the Chinese New Year holiday. The Dow Jones industrial average fell 122.65 points, or 0.61 percent, to close at 19,971.13, with Caterpillar leading decliners and Wal-Mart the top advancer. The S&P 500 dropped 13.79 points, or 0.6 percent, to end at 2,280.90, with energy leading all nine sectors lower and consumer staples and utilities ...

Dow Jones Closes Above 20,000 Points For First Time Ever

... That could be good. DAVID KOTOK: It's a great idea to rebuild airports like La Guardia in New York and to fix bridges and fix roads and schools and sewer plants and so forth. No one objects to those issues. ARNOLD: That could create a lot of jobs and get money flowing like Niemann was talking about. There's no lack of old, rundown bridges to fix, but. KOTOK: How do you pay for them. ARNOLD: Part of Trump's plan for how to pay for them is to lower corporate taxes. He wants to entice multinational corporations to bring more of their profits back to the U. S. and pay taxes here - that is, instead of stashing the money in tax havens around the world. But Trump can't do that by waving a magic wand. It very well could be a long, protracted debate in Congress. KOTOK: So Trump is going to learn that when you govern as president, you're not the king and the czar, but you also have to deal with the ...

Dow Jones Sets New Milestone After Closing Above 20,000 Points

... 10,000 on March 29, 1999. Wednesday's rally came against a backdrop of optimism on Wall Street that executive actions and policy goals announced by the Trump administration this week on trade, manufacturing and business deregulation will be good for corporate America. "Whether it's tax reform or infrastructure spending, any of those tend to be optimistic conversations for the markets currently," said Darrell Cronk, president of Wells Fargo Investment Institute. "We have to wait and see how they play out, obviously. The danger here, if there is one, is that the market gets ahead of itself a little bit.". Most professional investors are skeptical the Dow at 20,000 will have much effect on the market. They more often look to the S&P 500 index as a benchmark, because they consider it better representation of the broad market. "In and of itself, it is just a number," said Quincy Krosby, market strategist at Prudential Financial. "But what it does is it lifts market expectations, in essence, to continue moving higher.". If the Dow reaching 20,000 has any impact, it will likely be ...

Why The Dow May Be Poised For Tepid Growth

... of the U. S. economy is an anemic 1.8%, per the Congressional Budget Office (CBO) as cited by the Journal. By contrast, when the Dow hit previous major milestones (5,000 in 1995, 10,000 in 1999 and 15,000 in 2013), the potential growth rate was between 2.2% and 2.5%. Investors may be betting that stimulative measures promised by the Trump administration will have more impact than professional economists are anticipating. Risk Appetite. An increasing appetite for risk among investors is another factor contributing to the market’s recent rise, the latter Journal article observes. This is one explanation for stocks’ continuing advance in the face of historically high valuations and rising interest rates on bonds. Survey results released on Wednesday reveal that investors are expecting stocks to deliver returns that are 5.7 percentage points better than bonds, the Journal reports. Another explanation is that the Federal Reserve’s current plan for three rate hikes in ...

The Dow Hit 20,000 For The First Time. So What

... been dropped: Alcoa, AT&T, Bank of America, Kraft Foods and Hewlett-Packard. General Electric, or GE,  is the only company that was both  on the original 1886 list and included in the index today. Nevertheless, even this major company founded by Thomas Edison has not been on the list continuously. It was dropped in 1901 and then reinstated at the end of 1907. Many famous companies in America were on the Dow and then were dropped before going bankrupt or drastically shrinking in size.  Eastman Kodak was dropped  in 2004, while  Bethlehem Steel was removed  in 1997, both only a few years before  going bankrupt. The editors  knocked off Sears Roebuck  in 1999 and  F. W. Woolworth  in 1997 as people shifted away from buying items at department stores and five and dimes. The periodic replacement of companies means the Dow operates like an actively managed mutual fund, in which humans pick companies that are expected to do well in the future. The ...

Hong Kong, Mainland China Stocks Open Higher After Dow Jones Index Passes 20,000 Mark

... Kong, mainland China stocks open higher after Dow Jones index passes 20,000 mark. PUBLISHED : Thursday, 26 January, 2017, 9:12 am. UPDATED : Thursday, 26 January, 2017, 10:10 am. Debt-to-equity swaps will remain a focus in 2017. 24 Jan 2017. Hong Kong stocks opened higher on Thursday after the Dow Jones Industrial Average closed above 20,000 points for the first time, reflecting strong growth sentiment in the US. The Hang Seng Index opened up 0.63 per cent or 143.48 points to 23.029.39 while the Hang Seng China Enterprises index rose 0.82 per cent or 79.96 points to 9.795.68 in early trading. Dow Jones closes over 20,000 for first time ever in Trump-inspired rally. Banking shares led the gains with HSBC up 1.80 per cent to HK$66.70 and Bank of East Asia up 1.25 per cent to HK$32.45. Macau casino operator Sands China tumbled 1.84 per cent to HK$34.70 after it reported a 15.9 per cent year-on-year drop in its 2016 net income. Galaxy Entertainment fell 0.82 per cent to HK$36.15, reflecting concerns over the pace of recovery in Macau’s gaming market. Mainland ...

Dow 20,000 Is Nice, But Here's What To Watch

... Linked In Pinterest. Dow 20,000 is nice, but here's what to watch. 120-year-old Dow gets most of the media ink, but Wall Street pros say the S&P 500 is king. Post to Facebook. Dow 20,000 is nice, but here's what to watch 120-year-old Dow gets most of the media ink, but Wall Street pros say the S&P 500 is king. Check out this story on __link__: __link__ j JZvsy. 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. Dow 20,000 is nice, but here's what to watch. Adam Shell , USA TODAY Published 7:03 a.m. ET Jan. 29, 2017 | Updated 4:21 p.m. ET Jan. 29, 2017. A video board shows the Dow Jones closing above 20,000 for the first time at the New York Stock Exchange ON Jan. 25, 2017. in New York. (PHOTO: Bryan R. Smith/AFP/Getty Images). (Photo: BRYAN R. SMITH, AFP/Getty ...

Stock Market Closes Lower, Spooked By Trump Immigration Ban

... comes with heavy dose of uncertainty. Some investors speculated on what weekend moves by the Trump administration to ban immigrants from several predominantly Muslim countries could have on businesses worldwide. Others said it was another reason not to expect the year to go smoothly. “While we continue to think a Trump victory likely means higher U. S. growth in 2017 than we would have expected three or six months ago, we still think volatility will be a feature of the year,” wrote Deutsche Bank analysts Jim Reid and Craig Nichol, in a note to clients on Monday. “It just seems that there are too many uncertainties, unknowns and major policy changes attached to a Trump presidency for it to be a smooth year.”. The immigration issue may have become the hot key issue to roil markets as it flies against much of the pro-business sentiment that has been assumed to be baked into ...

Gold Marks First Gain In 5 Sessions As Dow Sinks Below 20,000

... Koning Beals. News editor. Gold futures settled with a gain on Monday for the first time in five trading sessions, as signs of growing inflation and a steep decline in U. S. equities helped to raise investment demand in the precious metal. Traders also are bracing for a week full of economic data and a two-day meeting of the Federal Reserve to gain hints on where prices for the metal may head next. A closely watched reading on the labor market is due on Friday and a two-day meeting of the Fed is set to kick off Tuesday. Both key events, among others, could alter expectations for interest-rate increases and drive the dollar and assets pegged to it like gold. See the economic calendar. On Monday, April gold GCJ 7, +0.63% the most active futures contract, rose $4.90, or 0.4%, to settle at $1,196 an ounce. The contract lost roughly 1.4% last week as strength in the dollar and recent all-time highs in major U. S. stock indexes dulled demand for haven investments. March ...

Profit From Dow 20k With These Dow-linked Etfs

... market expectations of 54.5. The reading came in at the highest since March 2015. An upswing in the manufacturing sector can act as a strong tailwind to the Dow Jones Industrial Average’s forward growth. After all, SPDR Dow Jones Industrial Average ETF ( DIA – Free Report ) invests about 20% weight – the highest allocation – in the industrial sector. Another bullish factor that drove the Dow to 20,000 was favorable earnings. Corporate earnings growth for Q 4 of 2016 is on the way to be the highest in eight quarters. As per Earnings Trends issued on January 26, 2017, Finance (earnings growth of +11.4% on +3.2% revenues), Aerospace (earnings growth of +15.1% on +2.1%), Construction (+13.8% earnings growth on +13.4% revenue growth) and Basic Materials (+28.8% earnings growth on +6.4% revenue growth) and Medical (+18.2% earnings growth on +6.6% revenue growth) are likely to post stellar ...

Ftse 100 Sinks To One-month Low And Dow Jones Drops Below 20,000 As Trump's Travel Ban Rattles Markets

... lows. Biggest upward move in the VIX since September but still near record lows. Trump now talking up watering down regulations. 3:09 PM. Communications mix-up sends Purplebricks share price on a rollercoaster ride. Shares in online estate agency Purplebricks  have endured a wild ride over the last few trading sessions following a communications mix-up. Isabelle Fraser reports. An errant tweet and a days-long communications mix-up sent the share price of online estate agency Purplebricks into a rollercoaster ride. Last Thursday, the company's share price soared by 11.5 pc, hitting an all-time high, after it tweeted it had "a record-breaking month for valuations and instructions" in January. January has been a record-breaking month for valuations & instructions, so if there's a right time to start your property search, it's now! __link__/t QSe 079 n V 7. 2:16 PM. WS Atkins and CH 2 M merger talk spurs share price rise. Shares in WS Atkins jumped to the top of the mid-cap index, up 7.1 pc at £14.99,  after The Times reported that ...

The Dow Jones Is Masking The Glaring Problems In The Us Economy

... what it was in glory days, the Donald is pushing the proverbial uphill. The die is cast. Wait, what’s that? The credit-card growth in recent years is evidence of a resurgent US consumer. Perhaps. But don’t bet on it. According to a 14 January 2017 report from Alhambra Investment Partners: ‘…the huge increase in consumer credit that mirrors almost (too) perfectly the broad slump in labor utilization (hours worked).’. And here are the charts to prove the point. Source: Alhambra Investment Partners. Why are people working fewer hours. Globalisation. The very thing that Trump is trying to push back to ‘make America great again’. Will he succeed? No. Trump is saying all the right things, but talk is cheap. Do you really think Europe, China, Japan and the rest of Southeast Asia are going to sit idly by and let him dictate terms. They, too, are facing debt, demographic and political problems of their own. The die is cast. This is not the 1950 s, and it is most certainly not the 1980 s, when Reagan came to power. Boomers are 30-odd years older. The world is drowning in debt and welfare promises. And automation is ...