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New York Stock Indexes Reach New Highs

posted by n1 on Tuesday August 16 2016, @01:53AM   Printer-friendly
from the money-for-nothing dept.

butthurt writes:

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.

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  • (Score: 3, Insightful) by HiThere on Tuesday August 16 2016, @07:04PM

    by HiThere (866) Subscriber Badge on Tuesday August 16 2016, @07:04PM (#388795) Journal

    Futures and commodity trading aren't inherently evil, but the current system is, especially high speed trading. So is anything that allows one to "corner the market". Monopolies of any sort can never be trusted, and that's essentially paying extra to create a monopoly that you can abuse, i.e. for the purpose of abusing it.

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