Trump Rally Extends to Record Highs on Wall Street
$DIA, $SPY, $QQQ, $VXX
Again Thursday, the major US stock market indexes rose to record high closes, with optimism over a tax overhaul increasing as Congress moved closer to agreement on a budget resolution and as the ecnomic data added to signs of strong GDP strength.
9 of the 11 major S&P sectors finished in the Green, led by the information technology and financial sectors.
Tech stocks, which have powered the rally, have risen nearly 26% YTD.
Focus will now shift to the NFPs a more comprehensive monthly jobs report, due Friday.
Investors are also gearing up for the upcoming Q-3 corporate earnings season.
Earnings of S&P 500 companies are expected to rise 5.5% in the Quarter from a year earlier, according to Thomson Reuters data.
Thursday, the US major stock market indexes finished at: DJIA +113.75 at 22775.39, NAS Comp +50.73 at 6585.36, S&P 500 +14.33 at 2552.07
Volume: Trade on the NYSE came in at 746-M/shrs exchanged
- NAS Comp +22.2% YTD
- DJIA +15.2% YTD
- S&P 500 +14.0% YTD
- Russell 2000 +11.4% YTD
|HeffX-LTN Analysis for DIA:||Overall||Short||Intermediate||Long|
|Very Bullish (0.54)||Very Bullish (0.56)||Very Bullish (0.69)||Bullish (0.38)|
|HeffX-LTN Analysis for SPY:||Overall||Short||Intermediate||Long|
|Very Bullish (0.52)||Very Bullish (0.54)||Very Bullish (0.60)||Bullish (0.42)|
|HeffX-LTN Analysis for QQQ:||Overall||Short||Intermediate||Long|
|Bullish (0.35)||Bullish (0.33)||Bullish (0.31)||Bullish (0.40)|
|HeffX-LTN Analysis for VXX:||Overall||Short||Intermediate||Long|
|Very Bearish (-0.50)||Bearish (-0.34)||Bearish (-0.48)||Very Bearish (-0.67)|