Dow and S&P 500 Reach Records; Market Cools After Trump Talks Up Dollar
- 6 years ago
Dow and S&P 500 Reach Records; Market Cools After Trump Talks Up Dollar
NEW YORK — The Dow Jones Industrial Average and S&P 500 closed at their highest levels ever on Thursday although
Wall Street relinquished bigger gains after President Donald Trump said he wants a strong dollar.
Jack Ablin said that If growth continues the way we expect, we should see a rotation out of these mega-cap tech companies
and into more of the higher-leveraged value companies,
Frank Davis said that It’s non-stop positive reinforcement that keeps pushing the market up,
The dollar had suffered its biggest daily percentage drop in seven months on Wednesday
after U. S. Treasury Secretary Steven Mnuchin said he welcomed a weaker currency.
NEW YORK — The Dow Jones Industrial Average and S&P 500 closed at their highest levels ever on Thursday although
Wall Street relinquished bigger gains after President Donald Trump said he wants a strong dollar.
Jack Ablin said that If growth continues the way we expect, we should see a rotation out of these mega-cap tech companies
and into more of the higher-leveraged value companies,
Frank Davis said that It’s non-stop positive reinforcement that keeps pushing the market up,
The dollar had suffered its biggest daily percentage drop in seven months on Wednesday
after U. S. Treasury Secretary Steven Mnuchin said he welcomed a weaker currency.