posted 03-09-2018 10:56 AM                  

Nasdaq hits record high, Dow surges more than 250 points after strong jobs report
Fred Imbert | Alexandra Gibbs
Published 6 Hours Ago Updated 1 Hour Ago CNBC.com

U.S. stocks traded higher on Friday after the release of stronger-than-expected employment data.

The Nasdaq composite advanced 1 percent and hit an all-time high, erasing the losses from last month's correction. The Nasdaq 100, which is made up of the 100 largest companies in the Nasdaq composite, also reached a record high. Friday marked the first time since Jan. 26 that either index reached a record high.

Shares of Facebook, Amazon, Netflix and Google all rose to help the indexes rise.

The Dow Jones industrial average rose 250 points, with Intel as the best-performing stock in the index. The S&P 500 gained 1 percent, with energy as the best-performing sector.

The U.S. economy added 313,000 jobs in February, according to the Bureau of Labor Statistics. Economists polled by Reuters expected a gain of 200,000.

Wages, meanwhile, grew less than expected, rising 2.6 percent on an annualized basis. Stronger-than-expected wage growth helped spark a market correction in the previous month.

"As far as the market is concerned, you couldn't have scripted it any better," said JJ Kinahan, chief market strategist at TD Ameritrade. But "it still remains a mystery how you can create these many jobs and not have wages go up more."
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York.

The moves Friday came after Wall Street finished on a positive note on Thursday, following more developments concerning tariffs.

President Donald Trump signed two declarations on Thursday, which would implement tariffs on steel and aluminum imports. The tariffs are expected to take effect in 15 days and will put a 25 percent charge on steel, and 10 percent on aluminum. Canada and Mexico however are exempt.

"I'm glad to see Canada and Mexico was spared in the latest tariff initiatives," said Peter Boockvar, chief investment officer at Bleakley Advisory Group, in a note. "But, 75% of our trading partners were slapped. I get that China was the real target here but we import 13% of our steel from Brazil, 10% from South Korea, 5% from Japan, 4% from Germany and 3.5% from Taiwan to name some others."

Friday also marked the nine-year anniversary of the bull market. It also marks the "Haines Bottom." Before the open on March 10, 2009, CNBC anchor Mark Haines called the bottom of the financial crisis on air.

posted 03-09-2018 11:04 AM                  

SMASHES EXPECTATIONS...
http://www.bloomberg.com/news/articles/2018-03-09/u-s-added-313-000-jobs-in-february-wage-gains-slow-to-2-6

RECORD 155,215,000 EMPLOYED... http://www.cnsnews.com/news/article/susan-jones/155215000-number-employed-americans-sets-8th-record-trump-era

MANUFACTURING ADDS 263,000 SINCE TRUMP...
http://www.cnsnews.com/news/article/terence-p-jeffrey/manufacturing-adds-31000-jobs-january-263000-trump-took-office

BLACK, HISPANIC UNEMPLOYMENT HISTORIC LOWS...
Black unemployment falls to second-lowest level on record in February
by Joseph Lawler | Mar 9, 2018, 8:52 AM

The unemployment rate for black Americans fell back down to an historic low in February, after spiking up in January.

Just 6.9 percent of black adults were unemployed in February, according to the Bureau of Labor Statistics, the second-lowest such ratio since the agency has been keeping track.
December, at 6.8 percent. Then, the rate spiked to 7.7 percent, but that increase proved short-lived.

President Trump has touted the fact that black unemployment has dipped so low on his watch, including during his State of the Union address.

When the black jobless rate hit the record low in January, though, the NAACP gave credit to the long-running recovery that began under former President Barack Obama, rather than to Trump specifically, and noted that blacks still suffer much higher rates of unemployment than whites.
http://www.washingtonexaminer.com/black-unemployment-falls-to-second-lowest-level-on-record-in-february/article/2651148

Nevertheless, the recovery has also shrunk the unemployment gap between black and white Americans.

posted 03-09-2018 01:07 PM                  

If your "Pulling the Trigger", than why are you paying someone to manager you investments???

posted 03-09-2018 05:03 PM                  

Example,,,,

Stock market falling, bash the right.

Stock market rises,, no praise,,, just move to another issue.

Gotta love it,,, Liberalism is a Mental Disorder.

posted 03-10-2018 07:43 AM                  

...NASDAQ, Nov. 2008, 2,700...Obama election day

...NASDAQ, Feb. 2009, 1,600...12 weeks later, 30 days in office (approx. 45% drop)

...NASDAQ, November 2016, 5,058 (after 8 years, NEVER EVER reaching previous pre Obama highs)

...NASDAQ, today, 7,300....not only passing all previous historic highs, but a nearly 50% gain in the 15 months since election day

...personal info, over 11% gain in the last 60 days, 2.4% gain yesterday, Friday March 9th

...again, it has been an amazing time for many, and yes, there will be more increases and decreases in the market, cash out, adjust your holdings and hold on, gotta play it how you see it....March and April historically the best months of the year for the market....

posted 03-10-2018 08:00 PM                  

quote:

---

Originally posted by tangled up in BLUE:
...it has been fun

---

posted 03-16-2018 03:18 PM                  

Food Stamps Use Plummets To 6-Year Low...
http://dailycaller.com/2018/03/15/food-stamps-president-trump-drops/

posted 03-20-2018 01:26 PM                  

The Dow Jones Industrial Average DJIA, +0.37% fell 335.60 points, or 1.4%, to 24,610.91 with all components, except Boeing Co. BA, +1.76% , finishing in the red. The S&P 500 index SPX, +0.00% dropped 39.09 points, or 1.4%, to 2,712.92, weighed down by a 2.1% decline in the technology sector, the worst performer among the broad-market benchmark’s 11 sectors.

The technology-laden Nasdaq Composite Index COMP, +0.02% lost 137.74 points, or 1.8%, to 7,344.24.

The Dow has turned negative for the year, off 0.4%, while the S&P is up 1.5% and the Nasdaq has advanced 6.4%.

BTW.... Kudlow predicted No Recession, No Housing or Market Crash 2007-8 !!!! Humm

"Among Kudlow's greatest hits: claiming, in December 2007, i.e. the month the recession started, “There’s no recession coming. The pessimists were wrong. It’s not going to happen. At a bare minimum, we are looking at Goldilocks 2.0”; declaring in February 2008 that the economy was going to rebound that summer, “if not sooner”; and stating flatly, in July 2008, that the housing market was healthy as a horse"

posted 03-20-2018 04:49 PM                  

INDEXDJX: .DJI - Mar 20, 4:47 PM EDT

24,727.27 up 116.36 (0.47%)

U.S. stocks climbed on Tuesday as the Federal Reserve started a two-day monetary policy meeting, with most market participants expecting a rate hike.

The Dow Jones industrial average rose 116.36 points to close at 24,727.27, with Boeing as the best-performing stock. The S&P 500 gained 0.2 percent to end at 2,716.94, with energy leading the gains. The Nasdaq composite advanced 0.3 percent 7,364.30

posted 03-20-2018 08:11 PM                  

quote:

---

Originally posted by Tomcal:

You forgot to mention Dow is flat, 0% gain, for this year.

How convenient of you.

---

posted 03-20-2018 08:50 PM                  

Do you have investments in the stock market, mutual funds, etc?

posted 03-20-2018 10:39 PM                  

...I also saw where the NASDAQ is still up 6% for the year, 24% annualized return, I can suffer along with that....remember, the NASDAQ NEVER reached previous highs under President Obama, NEVER....NASDAQ blasted into uncharted record territory this last year

posted 03-21-2018 07:34 AM                  

quote:

---

Originally posted by Tomcal:

You forgot to mention Dow is flat, 0% gain, for this year.

How convenient of you.

---

posted 03-21-2018 03:10 PM                  

Like to brag about Trump stock market when it's up and hide, make excuses and deflect when Trumps market is down or stalled. Follow the leader mentality, I guess.

Yes, I'm heavily invested in the Market. My personal returns beat the S&P (up 235%) under Obama. Also beat the one year Trump return. Now, I've taken some profits off the table as the market searches for direction.

According to you guys, most took a financial bath under Obama and made a fortune for 1 year under Trump???? Must have been poor invest choices or Obama's fault. Wait no, must be Hillary, Benghazi, Uranium 1 or planets weren't aligned.

Fact is Obama's S&P was up 235%. You can do even better, as I did, with a little research and diversification.

Some are in complete denial about the last 8-9 years. Want only to talk about past 1 year. Try staying on point instead of deflecting or using voodoo mathematics.

posted 03-21-2018 04:56 PM                  

quote:

---

Originally posted by Tomcal:

You all seem to miss the point.

Fact is Obama's S&P was up 235%.

Try staying on point instead of ... using voodoo mathematics.

...

---

posted 03-21-2018 05:49 PM                  

Went to de facto experts for math, Standard & Poor's, Wall Street Journal, Barons, Forbes, Money Mag, etc, and posted THEIR expert numbers.

They all show 235% gain on average.

posted 03-22-2018 10:59 AM                  

Dow slides nearly 500 points as trade fears and tech troubles pressure stocks

Fred Imbert | Alexandra Gibbs
Published 6 Hours Ago | Updated 4 Mins Ago

U.S. stocks fell sharply on Thursday, pressured by worries of a potential trade war and a decline in tech shares. The broader market was also pressured by a decline in bank stocks.

The Dow Jones industrial average pulled back nearly 500 points, with Caterpillar, 3M and Boeing as the biggest decliners. The S&P 500 fell 1.8 percent, with tech and financials dropping more than 2 percent. The Nasdaq composite pulled back 2 percent.

Stocks hit their lows of after The New York Times reported John Dowd resigned as Trump's lead lawyer in special counsel Robert Mueller's investigation.

The Trump administration was set to announce later on Thursday tariffs designed to punish China for intellectual property theft. Some reports indicate the administration will slap $50 billion in tariffs to Chinese goods.

Equities have been under pressure recently as the Trump administration ramps up a protectionist trade agenda. Earlier this month, President Donald Trump announced the implementation of tariffs on steel and aluminum imports, raising concerns about a potential trade war.

You could see more pressure [on stocks] if the trade issue" grows, said Bruce McCain, chief investment strategist at Key Private Bank. "The question is: What is the reality of that happening? Most agree this could hurt the economy."

On Thursday, the 10-year Treasury yield posted its biggest one-day drop since September of last year, while gold futures gained 0.6 percent. Treasurys and gold are seen as safer assets to hold than stocks.

Bank stocks, meanwhile, fell along with Treasury yields. The SPDR S&P Bank ETF (KBE) fell 2.5 percent, while Citigroup, J.P. Morgan Chase and Bank of America all traded lower.

The Cboe Volatility index (VIX), widely considered the best gauge of fear in the market, briefly rose above 21.

Losses in tech also helped stocks fall. Tech shares have been under pressure lately amid a sharp decline in Facebook shares. News broke recently that data research firm Cambridge Analytica gathered data from 50 million Facebook profiles without the permission of its users. Shares of Facebook have been under pressure all week, sliding 8.5 percent through Wednesday's close. On Thursday, they fell 1.7 percent.

Facebook CEO Mark Zuckerberg broke his silence over the news, telling CNN it had been "a major breach of trust, and I'm really sorry that this happened."

The news raised concern that U.S. lawmakers could draw up regulation on data usage for Facebook and other major tech companies.

"They're not going to write the regulation just for Facebook, said Shawn Cruz, manager of trader strategy at TD Ameritrade, noting regulators are going to target the entire sector. "That could turn into a headwind for these stocks."

The PowerShares QQQ Trust (QQQ), which tracks the tech-heavy Nasdaq 100 index, dropped 1.9 percent, breaking below its 50-day moving average, a key technical level. Google-parent Alphabet fell 2.7 percent and dipped into correction territory.

Investors also digested the U.S. Federal Reserve's latest monetary policy decision. As widely expected by the markets, the Fed raised interest rates by 25 basis points on Wednesday and upgraded its economic outlook, saying that economic activity and jobs gains had been strong in recent months.

Market watchers expect the central bank to hike three times in 2018, while the Fed announced that it was increasing its rate-hike forecast for 2019. Following the announcement, Treasury yields rose with the benchmark 10-year yield briefly topping 2.9 percent, but gave back those gains on Thursday.