Dec. 26 (UPI) — U.S. stocks surged higher Thursday as a year-end rally stoked by bullish economic news pushed the Nasdaq Composite index to 9,000 for the first time in its history.
The S&P 500 also posted a fresh all-time high at 3,235.46 in late morning trading while the Dow Jones Industrial Average rose about 77 points, reaching a peak of 28,596.22 before leveling off.
The rally has been gathering momentum as the year draws to a close and was pushed along Thursday on news that retail sales for the just concluded holiday season were 3.4 percent higher than 2018, including record online sales, which were up nearly 20 percent.
The late-year bull market has seen the S&P 500 rise by 2.9 percent in December and by 29 percent for the year, putting it on the verge of posting best annual performance since 1997. more
If you don’t understand why this “news” is even more fake than Hillary being rightful POTUS, the Democrats need you. Really, really need you.
That’s strange, normally I see the big investors dump everything at the end of the year and flee town with bags of inflated profits on the sale of bubbled assets.
Only to return after the new year to buy back in to the market they crashed at much more realistic prices.
Oh well, I suppose they still have a couple days left to do that…
Trump and that damn magic wand.
AoC answer: What does he have against vinyl records? He always breaks them.
Tax repatriation.
It’s that simple.