Wow! Thank you President Trump! Dow nears 29,000 for first time, S&P 500, Nasdaq hit records as Iran tensions ease

[Bradley K. Schumer]

In article <t2fdqr$3j6ad$1...@news.freedyn.de>
"Tranny - Inmate Number P01135809" <patr...@protonmail.com>
wrote:

The S&P 500 and the Nasdaq Composite hit fresh records on
Thursday, while the Dow Jones Industrial Average, also at a
record, neared the key psychological 29,000 level as investors
moved past the recent escalation of tensions in the Middle East.

Ticker Security Last Change Change %
SP500 S&P 500 3379.45 +21.70 +0.65%
I:DJI DOW JONES AVERAGES 29551.42 +275.08 +0.94%
I:COMP NASDAQ COMPOSITE INDEX 9725.962173 +87.02 +0.90%
President Trump celebrated the stock market's strength in a
tweet.


Donald J. Trump
?
@realDonaldTrump
STOCK MARKET AT ALL-TIME HIGH! HOW ARE YOUR 401K’S DOING? 70%,
80%, 90% up? Only 50% up! What are you doing wrong?

171K
7:47 AM - Jan 9, 2020
Twitter Ads info and privacy
47.2K people are talking about this
Trump de-escalated tensions with a White House speech late
Wednesday morning and on Thursday U.S. officials said they
believe Iran accidentally shot down a Ukraine International
Airlines flight, a Boeing 737 jet. Initially, reports indicated
the aircraft may have suffered a fatal mechanical error.

Boeing shares jumped on the news, the stock along with Apple and
Goldman Sachs contributed to about half of the Dow's 211+ point
gain.

Ticker Security Last Change Change %
BA BOEING COMPANY 347.45 +3.03 +0.88%
AAPL APPLE INC. 327.20 +7.59 +2.37%
GS GOLDMAN SACHS GROUP INC. 238.65 +2.19 +0.93%
Defense stocks, which have had a hot start to the year amid the
escalating tensions with Iran, gained further ground.

Ticker Security Last Change Change %
LMT LOCKHEED MARTIN CORPORATION 436.60 -3.25 -0.74%
NOC NORTHROP GRUMMAN CORPORATION 367.73 -0.31 -0.08%
GD GENERAL DYNAMICS CORPORATION 188.75 +1.81 +0.97%
RTN RAYTHEON COMPANY 229.76 +0.45 +0.20%
Meanwhile, commodities attempted to find their footing after
seeing sharp reversals following Trump's speech.

West Texas Intermediate crude oil, the U.S. benchmark, hovered
at the $59 a barrel level after plunging nearly 5 percent the
previous day. Meanwhile, Brent crude oil, the international
benchmark was little changed at the $65 a barrel level after
Wednesday's steep slide.

Energy giants ExxonMobil and Chevron were mixed after suffering
losses on Wednesday.

Ticker Security Last Change Change %
XOM EXXON MOBIL CORPORATION 61.27 +0.74 +1.22%
CVX CHEVRON CORP. 112.04 +0.83 +0.75%
Gold continued to slide, trading near $1,5450 an ounce. The
precious metal hit an almost seven-year high of $1,613.30 on
Tuesday evening.

Miners Barrick Gold and Newmont Goldcorp were lower.

Ticker Security Last Change Change %
GOLD BARRICK GOLD CORP. 18.41 -0.03 -0.16%
NEM NEWMONT GOLDCORP CORPORATION 43.89 -0.33 -0.75%
Elsewhere, Bed Bath & Beyond plunged after reporting a $38.6
million loss in its third-quarter and warning its sales and
profitability will be under pressure for the rest of the fiscal
year.

Costco was higher after its December sales spiked 10.5 percent
year over year to $15.42 billion. J.C. Penney and Kohl's were
lower after reporting their holiday sales slumped.

Ticker Security Last Change Change %
BBBY BED BATH & BEYOND INC. 11.79 -3.06 -20.61%
COST COSTCO WHOLESALE CORPORATION 315.12 +4.44 +1.43%
JCP J.C. PENNEY 0.74 +0.03 +3.59%
KSS KOHL'S CORP. 45.36 +0.92 +2.07%
HP climbed after rejecting a $33 billion takeover offer from
Xerox, saying it undervalued the company.

Ticker Security Last Change Change %
HPQ HP INC. 22.48 +0.25 +1.12%
XRX XEROX HOLDINGS 38.19 +0.68 +1.81%
Tesla shares fell after Wednesday’s surge gave it a bigger
market capitalization than Ford and General Motors combined.
Shares of the electric-vehicle maker have surged 17.6 percent
this year, saddling short-sellers with more than $2 billion of
losses.

Ticker Security Last Change Change %
TSLA TESLA INC. 767.29 -7.09 -0.92%
U.S. Treasurys were lower after the Labor Department said
initial jobless claims fell to 214,000 last week, better-than-
expected. The note on the 10-year yield was up 1.4 basis points
at 1.888 percent.

All of the major European averages rallied with Germany’s DAX up
1.4 percent, France's CAC higher by 0.3 percent and Britain’s
FTSE gaining 0.5 percent.

Markets closed higher across Asia. Japan's Nikkei led the way
higher, closing up 2.3 percent while China's Shanghai Composite
and Hong Kong's Hang Seng added 0.9 percent and 1.7 percent,
respectively.