collected by :Jack Luxor
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As it stated in
What I've said is that the stock market has been acting in an irrational manner. Dear John: Four months later, all-time highs in the stock market. And the Federal Reserve is raising interest rates, which means that bond yields will soon be drawing money out of the stock market. Dear Readers,Your letters to John Crudele are streaming in fast and furiously, asking Dear John to right the wrongs you're facing. Send your questions to Dear John, The New York Post, 1211 Avenue of the Americas, New York, NY 10036, or john.crudele@nypost.com.
The S&P 500 on Tuesday has reclaimed its level prior to last week's broad unraveling of U.S. equity-index benchmarks on Wednesday. The Dow is still about 50 points from its pre-collapse level, while the Nasdaq is about 25 points short of Tuesday's close. Tuesday's trade puts the broad-market S&P 500 just about two points shy of record close and five points short of an intraday all-time high. The S&P 500 index SPX, +0.18% intraday move put it recently at 2,400.86, up 0.3%, compared with a close of 2,400.67 last Tuesday, highlighting relative resilience for the stock market that was roiled by negative headlines about the White House less than a week ago. The three benchmarks are shooting for their fourth straight session of gains--their longest win streaks since late February, according to FactSet data.
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As it stated in
Why it's never a good time to invest in the stock market
What I've said is that the stock market has been acting in an irrational manner. Dear John: Four months later, all-time highs in the stock market. And the Federal Reserve is raising interest rates, which means that bond yields will soon be drawing money out of the stock market. Dear Readers,Your letters to John Crudele are streaming in fast and furiously, asking Dear John to right the wrongs you're facing. Send your questions to Dear John, The New York Post, 1211 Avenue of the Americas, New York, NY 10036, or john.crudele@nypost.com.
S&P 500 retakes 2,400 level less than a week after the stock market got rocked
The S&P 500 on Tuesday has reclaimed its level prior to last week's broad unraveling of U.S. equity-index benchmarks on Wednesday. The Dow is still about 50 points from its pre-collapse level, while the Nasdaq is about 25 points short of Tuesday's close. Tuesday's trade puts the broad-market S&P 500 just about two points shy of record close and five points short of an intraday all-time high. The S&P 500 index SPX, +0.18% intraday move put it recently at 2,400.86, up 0.3%, compared with a close of 2,400.67 last Tuesday, highlighting relative resilience for the stock market that was roiled by negative headlines about the White House less than a week ago. The three benchmarks are shooting for their fourth straight session of gains--their longest win streaks since late February, according to FactSet data.
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