The Closing Bell: Dow Retakes 26,000, While S&P 500, Nasdaq Carve Out Intraday Records

Ted

FYI: U.S. stock-index gauges traded solidly higher Monday, with the Dow industrials retaking a psychologically significant level at 26,000 for the first time since early February and the Nasdaq touching 8,000, amid enthusiasm over a possible trade deal between the U.S. and Mexico

However, traders warned that Monday’s moves were characterized by seasonally thin volumes, which can lead to exaggerated price swings.

Shares of Caterpillar and Boeing rose 2.8 percent and 1.3 percent, respectively. Their stocks are considered trade bellwethers because of their large exposure to overseas markets. Shares of Ford, General Motors and Fiat Chrysler also rose.

Nine of the eleven S&P 500 sectors were positive while Utilities, Real Estate lagged.
Regards,
Ted
Barron's:
https://www.barrons.com/articles/markets-now-dow-gains-98-points-as-progress-seen-on-trade-talks-1535371799?mod=hp_RTA

Bloomberg:
https://www.bloomberg.com/news/articles/2018-08-26/asian-stocks-set-for-gains-yuan-holds-rise-on-pboc-market-wrap

Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-rallies-as-u-s-mexico-reach-trade-deal-idUSKCN1LC147

IBD:
https://www.investors.com/market-trend/stock-market-today/nasdaq-dow-jones-hit-milestones-winners-us-mexico-trade-deal-rally/

MarketWatch:
https://www.marketwatch.com/story/stocks-look-to-extend-push-into-record-territory-2018-08-27/print

CNBC:
https://www.cnbc.com/2018/08/27/us-stocks-to-open-higher-after-powell-signals-further-rate-hikes.html

Europe:
https://www.marketwatch.com/story/european-stocks-push-higher-metro-surges-on-signs-of-a-shake-up-2018-08-27/print

Asia:
https://www.marketwatch.com/story/asian-markets-jump-out-to-strong-gains-to-start-the-week-2018-08-26/print

Bonds:
https://www.cnbc.com/2018/08/27/us-treasury-yields-lower-after-feds-powell-signals-further-rate-rises.html

Currencies:
https://www.cnbc.com/2018/08/27/forex-market-dollar-mexican-peso-in-focus.html

Oil:
https://www.cnbc.com/2018/08/27/oil-markets-us-china-trade-war-iran-sanctions-in-focus.html

Gold:
https://www.cnbc.com/2018/08/27/gold-prices-dollar-in-focus-following-fed-chairs-speech.html

WSJ: Markets At A Glance:
http://markets.wsj.com/us

SPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-tracker

SPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectors

Current Futures: Positive
https://finviz.com/futures.ashx
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