3 powerful reasons the stock market is heading even higher
The S&P 500 index (SPX) jumped to close just above 3,000 on Wednesday, its eighth gain in the last 10 sessions, and the Dow Jones Industrial Average (DJIA) rose for the sixth straight session to end solidly above 27,000. The Nasdaq Composite index (COMP) is less than 2% off its record peak, and the small-cap Russell 2000 index (RUT) and the bellwether Dow Jones Transportation Average (DJT) , which lagged the other averages, have rallied sharply in recent weeks. This comes amid worries about yield curve inversions, recession (60% of Americans think one’s coming in the next 12 months, according to the latest ABC News/Washington Post poll), trade tensions, negative interest rates in Europe and Japan, and slumping global economies.
Published:9/12/2019 5:08:55 AM