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Susan? it took almost ten months and a shortened session but we finally got a new record close nor the dow topping the previous high from october last year. meantime, the s&p saw the third straight record close, the eighth for 2019 and the nasdaq hit five this year. president trump celebrating the new market highs with this tweet. now, under his presidency, this is the 88th record for the broader index. the 87th for the dow and the 100 for the nasdaq. the recent gains can be attributed to the u.s.-china trade truce and the near certainty that yes, the federal reserve will be cutting interest rates this month. it s a positive sign when investors are willing to buy stocks in the shortened session before a holiday that shows an appetite to hold risk and optimistic for stock markets. as far as individual stock movers, tesla saw a rally.
Facing a blue wave in november, republican members have said there s salvation in their message, but right now the republican message is being consumed by the messengers. if you re a republican running in a competitive district, legislative affairs, not extramarital affairs. market highs, not presidential lows. tax cuts, not tweet storms. job hirings, not white house firings. not russia, conflicts of interests, ethics complaints, you nay it. right now the president s conduct is consuminger, and there it s polls that say voters want a koens that stands up, or original about facing a referendum, or warning how
You ve handed back than losses you may have made in the first place. yes. so if the market has gone up and you didn t sell, you are more aggrieved about the fact it s come down and you had the chance to lock in those profits and you didn t do so. but people who try to sell at the high, that s obviously that s what people dream about doing, but very few people are actually able to do that. oh, absolutely not. most individual investors should by no means be actively managing their own portfolios. you know, those of us who have stocks indexed know that you have to wait out these market highs and lows. you know, but as claire was pointing out, volatility is where wall street makes its money. i think you ll see a lot of traders being very excited. we have not had this much motion in the market in some time. you re going to see fortunes definitely being made and lost. and that exactly was what we saw in the banking numbers when
Senate, and they snuck the obama care mandate repeal. there was pressure on republics to do or die because their base were stinking mad. we have had more than 70 market highs. it s something he takes seriously and proud and wants to point to his accomplishments. he wants to hold up a paper and say check out the 5% gdp. molly, other accomplishments. he was able to nominate someone more conservative than
Time. black monday was 30 years ago this week. so should we be worrying about history repeating itself? is it dangerous to brag about a performance on a dime that could reverse itself? stocks can keep headed higher despite the fears. heather, prices might already be getting too high. so heathered, you re worried. what was that? you re worried. a little bit concerned when you have president trump touting the stock market performance since he was elected. you start thinking, is there still enough optimism left in the markets to continue higher. a lot of the flows have come from abroad and retail investors coming off the sidelines. and fear of missing the market highs. so you know, we re all watching corporate earnings this week. that will be the key to see if we can continue higher in these
I would not be surprised if donald trump is pushes back again aggressively and we see some more. is that the blueprint in the art of the deal? pretty much. entdz up somewhere in between, perhaps? jonathan swan, thank you. i appreciate it. thank you. let s turn to business for high-profile earnings reports including big tech bellwethers have wall street anticipating new market highs in the futures. they are factoring in factors like north korea. we re joined live from london. nancy, what do you have for us? well, investors certainly can t ignore the economic and geopolitical risks you just touched on but today it s all about tech earnings because we have big bellwethers reporting after the market closed today. that includes amazon and alphabet, the google parent company. both stocks have climbed double-digit percentages for the year. so, among the best performers. the hope is today if we get good news from tech earnings, you could see the nasdaq push record
Wall street could be losing confidence. anything? well, i have to say it s worth noting that the market is still up roughly 10% tr the election. so overall, stocks are doing pretty well. there are real concerns about e retirement portfolios, 401(k)s, people money in the market will still feel the impact of a pullback. we re do for a correction. that means a withdrawal of 10% or more from market highs. so we could see a little pain. we re still up from election day, which is a good thing. but generally investors are just look iing a at donald trump s ability to get things done. if you look at the past week and a half since the market started falling, it s not hard to see why they are concerned. you had donald trump s travel ban blocked. you had treasury secretary take a protectionist tone at the summit. you saw health care fall through. you saw the russia investigation. . they are looking at a president
Speed, or bring people up to if lows, the stock market dropped 530 points today, the dow down 530 points. we re five minutes after the closing bell, we re some 10% off market highs. so this is now officially, christina, a correction. and now we re looking at not just today, which is bad, but we re looking at september. i think a lot of people are wondering right now what is the fed going to do? things had been looking so rosy that the fed had been more than hinting it was about to raise interest rates. but now today, maybe it s going to be different. that s right, john. thefe fed has a tough decision make now. even though they would say they re not paying attention to daily market moves, clearly they have to consider some of this nervousness that s out there. like i said, the u.s. had been sort of the stalwart in all of this. so for the fed to say, you know,