The Dow Jones Industrial Average advanced 454.84 points, or 1.6%, to close at 29,100.50. It was the Dow’s first close above 29,000 since February. The S&P 500 gained 1.5% to end the day at 3,580.84 while the Nasdaq Composite was higher by 1% at 12,056.44.
Both the S&P 500 and Nasdaq hit record highs, with the Nasdaq topping 12,000 for the first time. The Dow also posted its biggest one-day move since July 14. The S&P 500 had its best day since July 6.
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No more Fear in US! All looks well ahead there but here in SG more retrenchment news.
ReplyDeleteDie hard sinkies are hoping for mean reversion where SG & emerging markets can outshine US again, like from 2003-2007!
ReplyDeleteBut without more "new economy" stocks, any SG outperformance may be shortlived, like from 2009-2013.