Dow hits 16,000 for first time, S&P 500 hits 1,800
11-18-2013, 10:44 AM
#1
Administrator
Thread Starter
Dow hits 16,000 for first time, S&P 500 hits 1,800
By: Associated Press
Stock market indexes are hitting new milestones on Wall Street.
The Dow Jones industrial average crossed 16,000 points for the first time early Monday and the Standard & Poor's 500 index crossed 1,800 points.
Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its easy-money policies.
The S&P 500 index has risen for six weeks straight and is up 26 percent so far this year. A growing number of market watchers are calling for caution after the steep rise.
Boeing rose the most of the 30 stocks in the Dow after the plane maker booked $100 billion in orders at the opening of the Dubai Airshow.
Stock market indexes are hitting new milestones on Wall Street.
The Dow Jones industrial average crossed 16,000 points for the first time early Monday and the Standard & Poor's 500 index crossed 1,800 points.
Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its easy-money policies.
The S&P 500 index has risen for six weeks straight and is up 26 percent so far this year. A growing number of market watchers are calling for caution after the steep rise.
Boeing rose the most of the 30 stocks in the Dow after the plane maker booked $100 billion in orders at the opening of the Dubai Airshow.
What do you guys think? Think we'll hit 20,000 before the next fall out?
11-18-2013, 02:27 PM
#3
Super Moderator
Of course the markets are up. It's a rich man's game and they're getting richer. As the gap increases the markets will continue to go up as the economy in general stagnates.
11-18-2013, 07:21 PM
#4
Super Moderator
DJIA is meh. 
If they didn't only keep high-value companies in it, it wouldn't Always Go Up. But they do, so it does, even though the economy is approximately stagnant. Talk to me when they don't take companies out of the average for failing
http://www.zerohedge.com/news/2013-0...n-nike-and-vis
If they didn't only keep high-value companies in it, it wouldn't Always Go Up. But they do, so it does, even though the economy is approximately stagnant. Talk to me when they don't take companies out of the average for failinghttp://www.zerohedge.com/news/2013-0...n-nike-and-vis
11-18-2013, 10:00 PM
#5
Senior Member
Join Date: Mar 2008
Location: Atlanta, GA
Posts: 4,185
Likes: 0
Received 0 Likes
on
0 Posts
Vehicle: MC + RD2 + AW11 + 944 = 4x Win
Yeah, it's not really an "average" as such. I will say, however, that being dropped from the Dow is a MAJOR punishment/incentive for companies. I work for HP and when we were slated to be dropped several weeks ago the entire company took a sh*t. Granted, we got dropped because our sever infrastructure has been wounded by Cisco's latest product offerings, and our highest ups are horny to buy failing companies, resulting in lost billions. Still, when the CEO is in my cube rallying even people as far down on the totem as myself (like I can do anything out her shitty practices and/or R&D), there's some serious hurting going on.
It's something to strive for, and in a way, that's a very good thing. It's a driving force for business and economy. That I can get behind.
It's something to strive for, and in a way, that's a very good thing. It's a driving force for business and economy. That I can get behind.