|Day's Range||2,798.08 - 2,807.71|
|52 Week Range||2,257.02 - 2,807.71|
Yahoo Finance’s Rick Newman speaks to Alexis Christoforous on how the markets did better in Obama’s first year in office than in Trump’s.
In the previous part of this series, we analyzed the performance of the US market (SPX-INDEX) (SPY). Although the global equity market had the best start to a new year that it has seen since 1988, investors should be cautious, according to Pimco. The MSCI All-Country World Index (ACWI), which tracks the performance of the global market, rose 4.8% between January 2, 2018, and January 18, 2018.
The S&P 500 will likely peak in 2029, with the index between 6,000 and 15,000, Thomas Lee of Fundstrat Global Advisors, says on CNBC's "Halftime Report."
World equity markets scaled to a record on Friday as the U.S. dollar languished near three-year lows and a U.S. government shutdown loomed, while U.S. Treasury yields continued their ascent to hit their highest levels since September 2014. President Donald Trump postponed plans to go to his Mar-a-Lago resort in Florida and met at the White House with Senate Democratic Leader Chuck Schumer to try to avert the shutdown, a source familiar with the situation said. Legislation to stave off an imminent federal government shutdown encountered obstacles in the Senate on Thursday night, despite the passage of a month-long funding bill by the House of Representatives hours earlier.
The stock's price action is making some market watchers hesitant about buying the name at this juncture, but say it could keep surging still.
Philip Morris (PM.N), Nike (NKE.N) and Home Depot (HD.N) rose between 1.3 percent and 4 percent as analysts expect lower taxes and improving trends to boost their earnings. "We've seen estimates being raised for 2018, so that provides some fundamental underpinnings for the strength we've in equity markets," said Bill Northey, senior vice president of U.S. Bank Wealth Management in Helena, Montana. At 12:42 p.m. ET (1742 GMT), the Dow Jones Industrial Average (.DJI) was down 53.94 points, or 0.21 percent, at 25,963.87.
On Thursday, January 18, 2018, Pimco, one of the world’s largest asset management firms, said that it’s time for investors to be cautious. The global economic adviser at Pimco, Joachim Fels, recently shared his view on the market in an interview with Bloomberg TV. PIMCO wrote, “The fact that the fear is gone is the main reason why we should be worried.
Williams Partners (WPZ) has been one of the best-performing energy stocks since the start of this year. WPZ, which is the midstream MLP subsidiary of Williams Companies (WMB), has gained 11.4% in the first nine trading sessions of the year. At the same time, the Alerian MLP ETF (AMLP), which comprises 25 energy MLPs, has risen 9.3% while the broader US markets represented by SPDR S&P 500 ETF (SPY) has gained 4.1%.
Want to exceed your financial goals? Understand your hurdle rate The ringing in of a New Year brings a sense of hope for the future and closure of the past. It’s a time of reflection of past goals and habits and the ushering in of new, better ...