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: 0) by Anonymous Coward on Tuesday August 16 2016, @01:48PM
As Paul Samuelson said, "Wall street indices predicted nine of the last five recessions".
- An actual economist