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S&P 500 records its longest rally ever
worldtraveller
Posts: 14,013 Forumite
US stock markets passed another landmark on Wednesday as the S&P 500 recorded its longest rally ever, capping a near decade-long Wall Street boom that has gathered pace over the course of this year.
The S&P 500 share index, tracking the 500 biggest public companies in America, closed trading on Wednesday having gone 3,453 days – nearly nine and a half years – without a fall of 20% or more, which is the measure used by some analysts for handing it the status as the longest bull market in US history.
The record was set with more of a whimper than a roar. The S&P 500 dipped 1 point to 2,861 for the day while the Dow Jones Industrial Average fell 88 points, or 0.3%, to 25,733, and the Nasdaq composite rose 29 points, or 0.4%, to 7,889. But records were set nonetheless.
The Guardian
The S&P 500 share index, tracking the 500 biggest public companies in America, closed trading on Wednesday having gone 3,453 days – nearly nine and a half years – without a fall of 20% or more, which is the measure used by some analysts for handing it the status as the longest bull market in US history.
The record was set with more of a whimper than a roar. The S&P 500 dipped 1 point to 2,861 for the day while the Dow Jones Industrial Average fell 88 points, or 0.3%, to 25,733, and the Nasdaq composite rose 29 points, or 0.4%, to 7,889. But records were set nonetheless.
The Guardian
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
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Comments
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Tee_Maynott wrote: »Yes, yet in the USA their media are trying what appears to by a new norm just as our media are here in the UK regarding Brexit.
Namely go against public opinion and democracy; go against facts and figures; and suggest that soon the country is doomed because of ?????? (insert reason here - like trade wars for the USA or Trump's supposed floozy payment).
All the time growth continues (better than the rest of the G20 in the USA's case), employment continues to rise etc. etc. etc.
We have the same with the prevalence of anti-Brexit stuff here, yet our defecit is at an 18-year low; employment is at a record high; and the city of London has actually extended its' (already considerable) lead as the global trader.
The markets are wise enough to see through the carp, as your post very clearly shows.
Not sure that the Deficit is at an 18 year low, didn't we run a budget surplus from 1998 through 2001? With regards to Brexit, I thought we were still in the EU.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
how long until the S&P hit 3,000?Selling off the UK's gold reserves at USD 276 per ounce was a really good idea, which I will not citicise in any way.0
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'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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