Showing posts with label SPY. Show all posts
Showing posts with label SPY. Show all posts
Sunday, March 5, 2017
Happy Birthday S&P 500!
The world's biggest stock index turned 60 on Saturday with almost $2.4T indexed to it. It's widely regarded as the most accurate gauge of large-cap American equities since it's weighted by market capitalization, as opposed to the Dow, which is weighted by price, or other indexes, which have an equal weighting.
Saturday, March 4, 2017
Market update: After President Donald Trump's address to Congress (3 March 2017)
The Dow has crossed 21,000 for the first time, the dollar has jumped the most in six weeks and Treasuries fell as investors grew increasingly confident global economic growth is accelerating, clearing the path for higher interest rates.
Big banks led gains among stocks, with The Goldman Sachs (GS) and JPMorgan Chase (JPM) trading at all-time highs as the odds for a rate hike in two weeks swelled past 65 percent and President Donald Trump's address to Congress did little to alter views that his administration will seek pro-growth policies.
Big banks led gains among stocks, with The Goldman Sachs (GS) and JPMorgan Chase (JPM) trading at all-time highs as the odds for a rate hike in two weeks swelled past 65 percent and President Donald Trump's address to Congress did little to alter views that his administration will seek pro-growth policies.
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