US stocks pushed to new records Thursday, lifted by JPMorgan Chase's strong earnings and hopes for more stimulus from central banks.
The Dow Jones Industrial Average gained 0.7 percent at 18,506.41, its third straight all-time high.
The broad-market S&P 500 extended its record streak to a fourth day, advancing 0.5 percent to 2,163.75. The tech-rich Nasdaq rose 0.6 percent to 5,034.06.
Equity markets shrugged off the Bank of England's decision to hold interest rates and stimulus unchanged in its first meeting after Britain voted to leave the European Union. The bank though signalled it could come at its August meeting.
US Congress rules on TikTok ban, China’s Ministry of Commerce said would
defend company’s legitimate rights · TechNode
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TikTok’s fate in the US appears doomed as the Senate passed a sell-or-ban
bill on Tuesday with 79 to 18 votes. The bill, tied to the US’s foreign aid
packa...
1 hour ago
Unthinkable?
ReplyDeletegundlach says 2200 (SPX) as the breakout.
ReplyDeleteuntil then, there's something to be said about the composition of the long participants.
http://shiohmekiah.blogspot.com/2016/07/lesser-quantity-of-investable-assets.html