Lots of big economic data out this morning: 1st quarter GDP was revised up to a still-sluggish 1.2%, while April Durable Goods disappointed. But consumers remain ever-hopeful, as Consumer Sentiment came in better than expected. Yahoo Finance's Alexis Christoforous is joined by Keith Bliss of Cuttone and Company from the floor of the New York Stock Exchange to discuss.
This bull market has been going strong for over eight years. And a lot of the classic warning signs are flashing red and the bears no it. UNFORTUNATELY, history shows that some of the biggest gains in the stock market occur when bull markets are about to end.
Stocks barely moved today but it was enough for the S&P 500 and the Nasdaq Composite to hit new all-time highs. The S&P 500 gained this week after finishing little changed at 2,415.82 today, while the Dow Jones Industrial Average rose this week after dipping 2.67 points to 21,080.28 today. The Nasdaq Composite climbed this week after rising 0.1% to 6,210.19 today.