Stocks. It really started, if you think about it, a year ago today with a big rally the day after christmas, the after the Christmas Eve selloff last year. Now as we get set for a new year, nasdaq 9,000, what is next . What are you thinking about . Im really optimistic where the markets are going in 2020. It is kind of interesting, if you look at this historically, with a year where markets are up over 20 , on the average the dow has been up over 75 of the time with an average of close to 9 . The s p 500 has been up over 83 of the time with an average over 11 . Past returns are not indicative of future returns but if stats is on our side, history is on our side, markets are still good value, there is still room to grow and a lot of potential as weve seen in the past. Connell gary you and i spoke couple days ago right before christmas. Youre more of a worrier, right . Nothing wrong with that. Someones got to but how do you look at this run . At this point, is it getting toward as point
Second day in a row both are down. We have a lot to go through. Fox Business Team coverage, Edward Lawrence at white house, susan li on the floor of the new york stock exchange, phil flynn with action on oil and gold out at cme, edward, with trade, as usual front and center. You. Reporter china is saying the u. S. Is stoking fires with the protests in hong kong. A Chinese Foreign min very spokesperson says, the u. S. Is making various hong kong accusations are wanton, factdistorting inflammatory. Some senior u. S. Politicians and diplomatic officials engaged with antichina rebel rousers in hong kong. The chinese go on this entirely internal chinese affair issue. The chinese hinting a stronger response may be needed in order to maintain order this is exactly what one of the spokespeople said. Hong kong, hong kongs radical demonstrators repeatedly used dangerous tools to attack police officers. Now these already constitute serious Violent Crimes and have begun to show signs of terrorism.
For the s p 500, it was its 13th record finish in just 17 trading days so far. Earnings helped drive the blue chip index as some of the worlds biggest Global Companies easily beat profit expectations. They also said things are looking fourp the rhett of the year. At one point today more than 30 of all of the 30 dow components from at alltime highs. Here are the closing numbers. The Dow Jones Industrial average advanced 140 points to 26,392. Nasdaq fell nearly four, though. But the s p 500 rose by about two. Once again, the dollar came into play, adding some volatility to the trading day. Now yesterday we told but the dollars impact on the stock market after the u. S. Treasury secretary said a weak Dollar Benefits u. S. Trade. Today, other officials chimed in, including president trump. Heres steve liesman. Reporter it was a wild ride for the dollar today sent falling and then flying by comments first from a european officials and then from the president of the united states. European C
The tax plan as a new report says the the plan from the senate could be very different and delay in the Corporate Tax cut for a year. What . Congressman tom rice from the house ways and Means Committee will respond. President trump in china issue issuing a stern message for north cree. Dont mess at usa. Ambassador john bolton with that. New accusations from chairwoman donna pray seal, brazile, comparing the Clinton Campaign to a cult. Another good day for Nicole Petallides to follow. She joins us from the floor from the new york stock exchange. Hi connell. 401 k or ira. It crossed the 900 billion mark for market cap. Largest company in the world. So that was a pretty big deal. Well watch for the next stop. That would be one trillion. That would be 194. 77 a share according Senior Editor charlie brady. You can watch for that. We had big breaking news on time warner, at t. This is story going on all day. Time warner down 6 1 2 . At t, actually started lower, moved higher on the news but
Donald trump coming off his own sweeping victories and tries to unify republicans behind him as all three candidate look to the race and the future. Thanks to you we reached a milestone. We closed one chapter in history and begin another. Well not allow donald trump to become president of the united states. The first time in our nations history that a woman will be a major party nominee. I fought for my family, i fought for my business, i fought for my employees. And now im going to fight for you, the american people. We take our fight for social, economic, raig and Environmental Justice to philadelphia, pennsylvania. Gregg we have live team fox connell outside trump headquarters. Reporter the headlines hill makes history. Another saying her. Aides say she was working on her speech up until 30 seconds before thee went on stage. We were struck by how the tone was more subdued. Aides say this was by design. She had to walk this fine line noting how she was making history, but also being