Is the stock market going to keep rising

Thursday 16 February But with Europe ending lower, and a mixed close on Wall Street, the rally may be taking a breather. The closing bell has rung on Wall Street, and the Dow Jones industrial average has hit a new closing high for the 6th day running.

Dow ends at a new record high for the 6th straight day. Energy stocks ended the day in the red, with Chevon down 1. Caterpillar was another faller, down 0.

But Cisco Systems gained 2. Energy firms, such as Exxon Mobil and Chevron, and financial stocks such as Goldman Sachs have lost ground. After a run of strong gains, the US dollar has dropped back today - suffering its biggest drop in two weeks.

Trump is giving a press conference now, to announce his nomination for Labor secretary. Our economics editor, Larry Elliott, fears that the market boom will turn sour, eventually. For the time being, Wall Street is being supported by negative real interest rates and the prospect of tax cuts to come. That means stock market records will continue to be broken over the months ahead.

Until the moment comes when traders get spooked by rising interest rates, burgeoning budget deficits, protectionism or a combination of all three. Wall Street is getting intoxicated on irrational exuberance. European stock markets have ended the day slightly in the red, after helping to push global equities to record highs this morning.

Trump stock market rally: Likely to keep going in - Dec. 13,

In London the FTSE finished down 24 points, thanks to some big names going ex-dividend, and drops in mining companies. The US markets are bobbing around the break-even level, having hit new alltime highs at the start of trading after the strong manufacturing report from Philadelphia.

A drop in the US dollar is a sign that markets are growing increasingly worried over whether any notable link can be found between Russian intelligence agencies and the Trump campaign team. Investors are rather underinvested anyway and there is lots of cash so equities are the asset class of default in this environment. The US stock market has hit fresh highs at the start of trading in New York. As he put it:. Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits—a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.

Global stocks pull back from record highs https: Paul Ashworth, c hief US economist at Capital Economics , explains why:.

Manufacturing is simply too small a part of the overall economy now. Factories in the Philadelphia area are growing at their fastest rate in three decades. The Philadelphia Fed business conditions index has surged to Firms in the mid-Atlantic region reported a pick-up in new orders and shipments, indicating solid demand for their goods.

Philly Fed index jumps to Was expected to fall to Regional US factory gauge surges to the highest level in more than 30 years. Any reading below , is rather impressive, points out financial research group Bespoke Investment. Initial jobless claims have been lower than ,00 five of the last seven weeks.

The number of permits being granted to build a house in America has hit a month high. Permits for new construction jumped by 4. That may indicate optimism in the US construction sector. Strictly speaking, the three main US stock market benchmarks have all hit record highs for five days in a row -- the first time this has happened in 25 years.

Trump Bump: How long will stocks keep rising? - The San Diego Union-Tribune

Marketwatch has the details: The Dow has gained for five straight days, its best stretch since December, and the Nasdaq has been up for seven sessions in a row, its best streak since its seven-session advance that ended Jan. Longest winning streak daily since: The recent increases in energy prices had thus far not translated into indirect or second-round effects on broader inflation. So ECB says no underlying conviction in upward trend for inflation - hmmm - really?

Away from the markets President of GM arrives at beisgovuk. The unions are very concerned that jobs could be threatened by the sale, and are pushing Clark to offer guarantees to protect staff. After all, it has already made some mysterious pledges to Nissan to encourage it to keep making cars in Sunderland.

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MSCI World Index hits new high this morning Latest: Dow Jones hits another closing high Trump-Russia worries alarm some traders VIX fear index hits two-week high Economic optimism and rising inflation push shares up US factory survey surges to year high Are shares overvalued? Key events Show 9. Crash is a way off, but its coming 2. Facebook Twitter Google plus. FOX Business FoxBusiness BREAKING News: But tech firms, including Cisco and Intel, are up. Currency traders are having second thoughts about the chances of an interest rate hike in March.

Tracy Maeter, global investment specialist at J. Morgan Private Bank in Philadelphia, says: Crash is a way off, but its coming Our economics editor, Larry Elliott, fears that the market boom will turn sour, eventually. With the exception of politics, I have rarely seen such a network of positive signals.

As he put it: Paul Ashworth, c hief US economist at Capital Economics , explains why: Jamie McGeever ReutersJamie Philly Fed index jumps to Bespoke bespokeinvest Initial jobless claims have been lower than ,00 five of the last seven weeks. Joel Hills ITVJoel President of GM arrives at beisgovuk. Topics Stock markets Business live.

FTSE Sterling Currencies Economics. A stock market crash is a way off, but this boom will turn to bust Larry Elliott. Markets are at record highs, but optimism breeds recklessness.

The question is how big the bubble will get before it bursts. Top fund manager likens Trump market rally to dotcom bubble. Order by newest oldest recommendations. Show 25 25 50 All. Threads collapsed expanded unthreaded. Loading comments… Trouble loading? Signed in as Show comment Hide comment.

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