Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

The Closing Bell: S&P 500 Turns Negative After Hitting Record High Earlier: Dow Up 86 Points

TedTed
edited September 2018 in The Bullpen
FYI: .Dow on track for weekly gains

•Shares in Europe, Asia rise

•Investors look to Fed meeting next week

The Dow Jones Industrial Average rose Friday, putting the index on course to notch its biggest week of gains since mid-July.

Trade-sensitive stocks helped the Dow rebound back into record-setting territory this week, as investors took cues from officials in Washington, D.C., as signs that geopolitical tensions between the world’s two largest economies could be easing. Market participants are now focusing on the strong fundamental outlook, including solid corporate earnings and a robust U.S. economy, which is growing at its fastest rate since 2014.

The Dow has risen in eight of the past nine trading sessions, with the most recent gains putting the blue-chip index up 2.2% for the week, its best weekly stretch since July 13.

The S&P 500 turned negative on Friday after hitting a record high earlier in the session, but the broad index was still on track to post solid weekly gains.

The index traded just below breakeven after rising as much as 0.4 percent. Telecom and utilities outperformed while materials lagged. The Dow Jones Industrial Average also hit a record high earlier in the session and traded 72 points higher in the last hour of trading. The Nasdaq Composite, meanwhile, slipped 0.4 percent as Micron led some of the largest tech companies lower.



Six of eleven S&P 500 Sectors, Consumer Staples, Energy, Healthcare, Industrials, Real Estate, and Utilities finishes the week in positive territory. Communication Services, Consumer Discretionary, Financials, Materials, an Technology sold off.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2018-09-21/your-evening-briefing

Bloomberg:
https://www.bloomberg.com/news/articles/2018-09-20/asia-stocks-to-build-on-rally-treasuries-steady-markets-wrap?srnd=premium

WSJ:
https://www.wsj.com/articles/global-stocks-rise-after-wall-street-hits-new-highs-1537514839

Reuters:
https://www.reuters.com/article/us-usa-stocks/sp-dow-hold-on-to-record-highs-nasdaq-dips-idUSKCN1M11EU

IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-average-leads-mixed-market-volume-soared/

MarketWatch:
https://www.marketwatch.com/story/dow-marks-2nd-all-time-high-in-a-row-but-tech-stocks-weigh-on-broader-market-2018-09-21/print

CNBC:
https://www.cnbc.com/2018/09/21/wall-street-turns-to-economic-data-and-trade-spat-news.html

Europe:
https://www.marketwatch.com/story/europe-stocks-poised-for-best-week-since-july-lifted-by-global-rally-2018-09-21/print

Asia:
https://www.reuters.com/article/japan-stocks-close/nikkei-topix-hit-multi-month-peaks-on-receding-trade-fears-idUSL3N1W72S6

Bonds:
https://www.cnbc.com/2018/09/21/us-bonds-and-fixed-income-fresh-economic-data-due.html

Currencies:
https://www.cnbc.com/2018/09/21/pound-plummets-as-uk-leader-may-stands-firm-on-brexit-stance.html

Oil:
https://www.cnbc.com/2018/09/21/oil-markets-opec-and-allies-weekend-meeting-in-focus.html

Gold
https://www.cnbc.com/2018/09/21/gold-markets-us-china-trade-war-dollar-fed-meeting-in-focus.html

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

Major ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitor

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:
https://finviz.com/futures.ashx

Sign In or Register to comment.