Thread: Dow returns to 25,000 as stocks mount rally

Dow returns to 25,000 as stocks mount rally

By Matthew Rocco , Ken Martin , Leia Klingel Published
February 15, 2018 Markets FOXBusiness Opens a New Window.

Investor optimism over tax reform trumping inflation?

Horizon Investments chief global strategist Greg Valliere on President Trump endorsing a federal gas tax hike to pay for infrastructure and the impact of rising inflation on the markets.

U.S. stocks bounced higher Thursday after briefly slipping into negative territory, pushing the Dow back above the 25,000 milestone.

The Dow Jones Industrial Average advanced 306.88 points, or 1.23%, to 25,200.37. The S&P 500 gained 32.57 points, or 1.21%, to 2,731.20. The Nasdaq Composite rose 112.81 points, or 1.58%, to 7,256.43.

The stock market has closed higher for five consecutive days following a broad sell-off last week that fueled the Dow’s worst single-day point losses in history. The S&P 500 and Nasdaq clinched their longest winning streaks in five weeks with Thursday’s gains. Coming into the session, the S&P 500 had climbed 4.6% over the previous four days, the index’s best four-day percentage increase since July 2016. The Dow and S&P 500 have also turned positive for the year.

"I imagine investors will still be somewhat cautious despite the encouraging rebound we’re seeing which will leave markets a little vulnerable to further drops," said Craig Erlam, senior market analyst at Oanda. "The fundamental backdrop remains strong but rising yields on the back of higher interest rate expectations does appear to be spooking investors and with the 10-year Treasury now nearing 3% for the first time in four years, any sharp rises may continue to weigh on equity markets."

Investors are closely watching signs of rising inflation, given that policymakers at the Federal Reserve could accelerate their interest rate hikes if inflation grows faster than expected. In a report released Wednesday, the Labor Department said the Consumer Price Index rose 0.5% in January, while economists expected a smaller increase. The producer price index also climbed, with core PPI growing 2.5% over the past 12 months in its strongest ascent since August 2014.

The yield on the benchmark 10-year Treasury note hit a new four-year high of 2.94%. Gold edged 0.1% lower to $1,356.60 an ounce in recent trading.

http://www.foxbusiness.com/markets/2...unt-rally.html

Yeah, rebound shows solid confidence even with rising bond rates as alternative for investment. Our major businesses and investors like the Trump Agenda of fixing bad trade deals and bringing our industry home. They may even like his hard-line immigration stances because right after all the DACA DEAL BILLS all flopped in the Senate, the DOW jumped another 170 points rising today for a total gain of 306.

Mr. President, only paid advocates such as the leaders of these phony 501 C 3 charities and churches and people on the take with the cartels support DACA and any type of amnesty. Please know this, because this is a FACT. Real business people know the harm illegal immigration poses to our overall economy and financial stability.

The Church needs to lose their tax exempt status! Let them FEED the poor!

Get welfare and food stamps out of the hands of the government and taxpayers!

Originally Posted by Beezer

The Church needs to lose their tax exempt status! Let them FEED the poor!

Get welfare and food stamps out of the hands of the government and taxpayers!

YES THEY DO, BEEZER! They should never have tax exempt, tax deductible status. What someone spends on their "religion" should never raise my taxes or anyone else's or result in deficits and debt. NEVER. Same for the phony 501 C 3 "charities". If you don't feed the hungr6y, house the homeless and heal the sick FOR FREE, then you get no tax exempt status at all. Read the FairTax, that straightens all this out. This is $1.4 Trillion a year of revenue in our country that is exempt from federal taxes just due to the 501 C 3 tax status. At 37%, that's almost our entire budget deficit. And most of them are frauds, they aren't sheltering the homeless or healing the sick or feeding the poor and hungry, because the federal government and federal taxpayers are doing all that. So what are they spending their $1.4 trillion a year on that deserves tax exempt status?! Very little.

The FairTax clears this all out.