collected by :Dicson Walt
As it stated in “We’re doing a massive tax plan,” he said, during this same meeting, CNN Money reported.
“This indeed is the Teflon market,” said David Rosenberg, a senior economist at Gluskin Sheff, during a market report earlier this week.
And according to financial experts, a large part of the stock and market positives are attributable to one factor: Trump’s pro-business message.
“Stock market hits new high with longest winning streak in decades,” he wrote.
“Great level of confidence and optimism – even before tax plan rollout!”Trump, in recent remarks, made clear his tax plan is heavy on the simplification process – something, he quipped, wouldn’t go over so well with the likes of tax preparers H&R Block.
As it stated in
The last time all four indexes joined together for a four-day streak of record closes was June 19, 1995, according to Dow Jones data.
“It’s a lot different market now,” said Robert Pavlik, chief market strategist at Boston Private Wealth, in an interview.
They went on to do it again for a sixth day in a row in a streak that ended on Jan. 3, according to Dow Jones data.
Getty Images Last time stocks had a run like this, the first Bush was U.S. president and Boris Yeltsin was his Russian counterpart.
The last time all three benchmarks closed at records for five consecutive sessions was back on Jan. 2, 1992.
As it stated in
Stock market struggles to keep grip on record levels
Stericycle Inc. SRCL, +6.73% shares rallied 8.3% after the medical waste disposal company’s quarterly results topped Wall Street estimates.
Cable company Charter Communications Inc. CHTR, -0.16% reported fourth quarter earnings that were better than Wall Street expected.
See: The stock market is doing so much winning that Wall Street is thinking Nasdaq 6,000And read: The Nasdaq is partying like it’s 1999, by this metric$SPX $QQQ Too far, too fast, IMHO.
U.S. stock indexes switched between small gains and losses Thursday, as investors paused after consecutive days of record-setting gains for equities.
On Wednesday all closed at record highs for a fifth session in a row, something the three gauges haven’t done since January 1992.