Monday, July 31, 2017

The Market And Energy Page, T+192 -- The Trump Rally Continues -- Dow Hits Record On Opening -- Just After Hand-Wringing Last Week; US Companies Post Profit Growth Not Seen In Six Years -- July 31, 2017


Closing: it looks like the Dow will hit a new all-time record at the close. WTI is solidly above $50; may close above $50.

10-year bonds: below 3%. 

Original Post 

Dow hits record high.... and barely noted on CNBC. Mentioned in passing, but the crawler is staying there: "record high for Dow." Wow. [Later: after a nice opening, the Dow 30 just keeps rising throughout the day; now -- 12:56 p.m. Central Time -- the Dow 30 is up one point shy of 100 points.]

NYSE, early trading:
  • new highs, 77 -- Boeing, Deere, Exelon, Sunoco,
  • new lows, 13 --  
Trump rally:
  • US companies post profit growth not seen in six years -- The Wall Street Journal
  • 73% of the S&P 500 companies that had reported as of Friday had topped on both the top and bottom lines -- repeating: 73% of companies reporting so far, topped on both the top and bottom lines
The Old-Fashioned Way Of Streaming Photos

Sophia loves looking at albums the old-fashioned way while visiting "the homestead" in California.

No comments:

Post a Comment