Stocks Close at New Highs—Again. What’s Next.

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Stocks Close at New Highs—Again. What’s Next.

Barrons2021-06-30

Stocks rose to new all-time highs on Tuesday as economic data beat estimates. The Dow Jones Industrial Average rose 9 points, or 0.03%. The S&P 500 rose 0.03% and closed at a record 4,291.90. The ...

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Comment（16）

wesley8278
·2021-06-30
Wow
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Gundam777
·2021-06-30
Keep going.
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1
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SK557
·2021-06-30
Please like and comment. Thank you
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3
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- Gundam777:
  okay
  2021-06-30
  Reply
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BBBBBBBBBB
·2021-06-30
Hello
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1
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jummpy
·2021-06-30
Great
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1
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Khoogl
·2021-06-30
Great
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1
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ping23
·2021-06-30
pls like & comment
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3
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- ZeonLeong:
  Like
  2021-06-30
  Reply
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Ahleepapa
·2021-06-30
Whats next? Rocket to moon la. Diu.?
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5
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- PS153:
  yeah go go go
  2021-06-30
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Anonymous2
·2021-06-30
Like and comment please
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4
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- ZeonLeong:
  Like
  2021-06-30
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- tearach:
  pls ljke
  2021-06-30
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gamerxyj
·2021-06-30
Time to go down ?
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- Anonymous2:
  Reply this pls
  2021-06-30
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- JLUljs:
  everywhere is warning about inflation coming tho...
  2021-06-30
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- Ahleepapa:
  And thats y it will rocket to moon. becaz everyone is expecting to go down
  2021-06-30
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CMPek
·2021-06-30
Pig also can fly now
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deathdevil
·2021-06-30
Bull run
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momot
·2021-06-30
Hmmm
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SeiLing
·2021-06-30
Gogogo
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4
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JCBL
·2021-06-30
Market going up but my shares going down. I am a horrible trader!
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Khing
·2021-06-30
Gogogo
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The S&P 500 rose 0.03% and closed at a record 4,291.90. The Nasdaq Composite rose 0.2%, also closing at a new high of 14,528.33.\n“While plenty of good news is now priced into markets, and we advise investors to brace for bouts of volatility ahead, we don’t see record highs as a barrier to further gains,” writes Mark Haefele, UBS’ chief investment officer of global wealth management.\nThe Case-Shiller U.S. home-price index for April rose 14.6% year over year, the fastest annual rate in more than 30 years. The index is a key point of interest as investors look for clues about what might prompt the Federal Reserve to potentially raise interest rates.\nFed members are discussing reducing the size of the mortgage bond buying program, which currently sits at $40 billion a month. Those purchases keep mortgage bond prices high and their yields low, stimulating housing demand.\nThe consumer confidence index rose to 127.3 for June, higher than the anticipated 118.7 and last month’s 120. As states reopen and the employment picture brightens, consumers are increasingly confident, often a signal that spending will be strong ahead. The Invesco S&P 500 Equal Weight Consumer Discretionary Exchange-Traded Fund(RCD) gained 0.38%, outperforming the major benchmarks.\nLooking ahead, “Markets may find little direction ahead of Friday’s jobs report,” writes Citigroup economist Andrew Hollenhorst. Investors are hoping that recent supply shortages aren’t derailing the employment and economic recovery, but that a potentially strong jobs result won’t suggest high enough inflation to make the Fed more willing to lift rates.\nIn Asia, Tokyo’sNikkei 225 fell 0.8%, while Hong Kong’sHang Seng declined 0.9%. TheShanghai Compositedipped 0.9%. TheFTSE 100in London lifted 0.2% as the pan-EuropeanStoxx 600was 0.3% higher. The CAC 40 in Paris climbed 0.1% and Frankfurt’s DAX rose 0.9%.\nIn Europe, the reflation trade surged back, with shares in mining, industrial, and financial companies adding buoyancy to major indexes. Meanwhile, the European Commission’s economic sentiment indicator reflected a notable acceleration in economic activity at the end of the second quarter of 2021, rising in June to the highest level in 21 years.\nMortgage lender Nationwide said that British house prices rose 13.4% in June compared with the same period last year—the largest annual rise since 2004. U.K. housebuilder stocks rallied on the news, with shares inPersimmon,Taylor Wimpey,andBarratt Development sat the top of the list of the FTSE 100’s risers.\nShares in French electric company Rexel rose 4.3% in Paris trading after the group raised its sales forecast for 2021. Rexel now expects same-day sales growth of between 12% and 15%, up from a prior forecast of between 5% and 7%.\nMorgan Stanley (ticker: MS) stock gained 3.35% after the bank doubled its dividend payment to 70 cents a share.\nTextron (TXT) stock gained 0.54% after getting upgraded to Overweight from Equal Weight at Morgan Stanley.\nKeurig Dr Pepper  (KDP) stock gained 1.03%. Wells Fargo upgraded the stock to Overweight from Equal Weight.\nFortinet (FTNT) stock dropped 1.55% after being downgraded to Neutral from Buy at Monness Crespi & Hardt.\nCarvana(CVNA) stock dropped 1.23%. 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Thank you","listText":"Please like and comment. Thank you","text":"Please like and comment. 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Rocket to moon la. Diu.?","listText":"Whats next? Rocket to moon la. Diu.?","text":"Whats next? Rocket to moon la. Diu.?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/153718268","repostId":1120731200,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5080028,"gmtCreate":1625052680307,"gmtModify":1663230331431,"authorId":3564565270877568,"author":{"id":3564565270877568,"idStr":"3564565270877568","authorId":3564565270877568,"name":"PS153","avatar":"https://static.tigerbbs.com/2e185e8aa9ee6ee618f951b9141b9e40","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":153718268,"type":1,"supId":0,"prevId":0,"content":"yeah go go <u>go</u>","text":"yeah go go <u>go</u>","html":"yeah go go <u>go</u>"}],"langContent":"EN"},{"id":153738648,"gmtCreate":1625049131784,"gmtModify":1703734838599,"author":{"id":"3560247957239615","authorId":"3560247957239615","name":"Anonymous2","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3560247957239615","authorIdStr":"3560247957239615"},"htmlText":"Like and comment please","listText":"Like and comment please","text":"Like and comment 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<u>ljke</u>","text":"pls <u>ljke</u>","html":"pls <u>ljke</u>"}],"langContent":"EN"},{"id":153733999,"gmtCreate":1625048908011,"gmtModify":1703734835112,"author":{"id":"3555000456336821","authorId":"3555000456336821","name":"gamerxyj","avatar":"https://static.tigerbbs.com/8ca581741e24428089f21c4e11ff275c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3555000456336821","authorIdStr":"3555000456336821"},"htmlText":"Time to go down ?","listText":"Time to go down ?","text":"Time to go down 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pls"},{"id":5079719,"gmtCreate":1625049823361,"gmtModify":1663230331538,"authorId":3580016166379606,"author":{"id":3580016166379606,"idStr":"3580016166379606","authorId":3580016166379606,"name":"JLUljs","avatar":"https://static.tigerbbs.com/16b88b4c5c83f1a751fffbd8db4211e2","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":153733999,"type":1,"supId":0,"prevId":0,"content":"everywhere is warning about inflation coming tho...","text":"everywhere is warning about inflation coming tho...","html":"everywhere is warning about inflation coming 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