Reuters and Yahoo Finance report that the Dow 30 NASDAQ and S&P 500 stock indexes all reached record high levels on Monday. According to Yahoo this last occurred in 1999.
Reuters cited as possible factors speculation that the central bank will not soon raise interest rates, rising oil prices due to speculation that oil producers may cut production, and a Bureau of Labor Statistics report issued earlier in the month.
(Score: 5, Informative) by Anonymous Coward on Tuesday August 16 2016, @03:20AM
Yes Trump promises big tax cuts for corporations and for the rich, but it reminds me of what Mark Twain said about investing:
I'm not worried about the return on my investment. I'm worried about return of my investment.
That's what worries Wall Streeters about Trump. They think the whole thing might come undone on his watch.