Dow Jones 30 The Dow Jones 30 had a choppy session on Wednesday, but found the 22,000 level to be supportive, especially after the Federal Reserve released its meeting minutes, which seems to show a bit of confusion. Ultimately, the market should continue to go higher, and that being the case I think that we … Continue reading Dow Jones 30 and NASDAQ 100 Price Forecast August 17, 2017, Technical Analysis
Stocks edged up today as U.S. President Donald Trump criticized Amazon.com Inc. (AMZN) and disbanded two CEO councils after executives resigned from the posts over his response to the alt-right protests and violence that left a woman dead. The 30-stock Dow passed the 22,000 mark for the first time ever earlier this month but dipped lower last week after Trump promised North Korea “fire and fury like the world has never seen” if it continued increased aggression toward the U.S. The S&P 500 and Nasdaq also edged up even as the CEOs of 3M (MMM), Intel Corp. (INTC) and United Technologies (UTX) stepped down from two Trump CEO councils as their companies and brands faced social media pressure.
Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is ridiculous.