Ny times stock market streak

Ny times stock market streak

Posted: Oleg-media Date: 10.06.2017

By LANDON THOMAS Jr. Making the streak even more remarkable, such extraordinary composure from investors had occurred in a period of political volatility as fresh controversies dogged the Trump White House and Europe braced for elections in France and elsewhere on the Continent. This optimism was tested Tuesday as the major market indicators ended down more than 1 percent, led by a sell-off in financial stocks.

On Tuesday, the S. At days, it was the longest period between closing declines of 1 percent or more in the index since June In terms of intraday trading, the period without big drops in the index was the longest since , beating by a wide margin the previous record of 34 days in mid For the day, the narrower Dow Jones industrial average ended down 1.

The value of the dollar slipped against the euro and other major currencies. The yield on the year Treasury note declined to 2. Since November, the stock market rally has been fueled by expectations that President Trump, helped by Republican majorities in the House and the Senate, would be able to push through tax cuts, roll back regulations and kick-start a round of government-backed infrastructure spending.

View all New York Times newsletters. No signs indicate those expectations have fundamentally changed. And many observers remain convinced that the combination of fiscal stimulus, a strong economy and low but gradually rising interest rates will remain a powerful lure for investors. Because interest rates are so low, a round of rate increases from the Federal Reserve is not likely to harm growth assets like stocks, Mr.

Wall St. Rises as Winning Streak Continues - The New York Times

Low volatility readings are generally seen at the end of an economic expansion as confidence, wages and markets rise in unison. Such is the case now, Mr. Bilello said, which ought to be a warning to investors that good times do not last forever.

Bilello is not predicting a major correction.

He just notes that the prices for stocks relative to their earnings have been higher only in and — two well-known market tops. A version of this article appears in print on March 22, , on Page B1 of the New York edition with the headline: Order Reprints Today's Paper Subscribe.

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Afternoon Rally Helps Market End Losing Streak - The New York Times

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ny times stock market streak

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