Nothing new there. The records are the 36th and 41st record close for those indices in 2017. Nasdaq has record close too
The major US stock indices are all closing at records once again.
CNBC reports it is the 41st record close for the Dow and the 36th record close for the S&P. They did not say how many record closes the Nasdaq has made, but I am sure it has a bunch too.
Happy days are here.....AGAIN
- S&P is ending up 2.78 points or +0.11% at 2506.65
- Nasdaq is ending up 6.686 points or +0.10% at 6461.324
- Dow is ending up 39.45 points or 0.18% at 22370.80
The VIX index fell below the 10% level again today. The Vix tends to go higher if the market is worried about a decline in stocks. The index did spike higher in August, but it has ratcheted back down again.
Banks did well again today. The yields moved down earlier in the day, but rebounded modestly higher. That helps to support bank stocks (interest rate spreads widen). The 10 year yield is up for the 8th straight day.
JP Morgan closed up 1.10%. Citigroup is ending up 0.78%.
Facebook rose by 1.48% today, ignoring the talk of potential for regulatory constraints.
Chip stocks were mixed. Nvidia which has been the leader of late fell -0.11%, but Micron (MU) rose 1.47% and Intel was up 0.62%.
