US stocks close at record highs

[F-22Raptor]

Retailers and technology companies powered stocks broadly higher on Wall Street Thursday, extending the market’s record-setting run.

The Nasdaq composite climbed above 9,000 points for the first time as Apple led technology stocks higher. The Dow Jones Industrial Average and S&P 500 also climbed to new highs. The benchmark index is on course for its best year since 2013.

The latest gains came as investors welcomed a report showing that a last-minute surge in online shopping helped lift holiday sales. The data gave a boost to shares in Amazon.com and big department store chains such as Macy’s and Nordstrom.

“That’s just a confirmation that the consumer is incredibly strong and resilient and helping to power the economy to better numbers,” said Jeff Kravetz, regional investment director for U.S. Bank Wealth Management.

https://www.usatoday.com/story/mone...ock-market-higher-after-christmas/2749175001/

 

[Rusty]

After 2008 rules were put in place to reduce the power of the greed buy the rich.

Surprise surprise, even you rein in the greed of the rich, you get unpresidented prosperity.

Still a lot of work left to do to reduce inequality, but 10+ years of stock market growth is a good thing.

 

[Old School]

This is a Trump rally !

 

[ARMalik]

I am not a financial adviser, but my advise to all those who have money in 401s, take your money out at the most by mid-2020 and put them all in US Government bonds or Gold. Otherwise, it is bye, bye to your money.

 

[graphican]

Pull out your money from the stock exchange. That is performance before the crash, a usual pattern that has been repeated before.

 

[Rasengan]

Most technical studies show the SPX500 will continue to rise for the next 6 months. What is important to recognize is accumulation or distribution takes time and the chart should give you clues to when the trend is reversing.

 

[8888888888888]

Trade deal with China has yet to be sign.

 

[sixth]

waiting for firework show