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Financials leading the charge. The close was suspicious, no apparent news. Is it because of a good NFP tomorrow? But a good NFP means no QE and rate hike, right?JFR wrote:A good day for the Dow. Some leaders.
Financials #1, but they are all somewhat quiet. As I have indicated on here, although Economics was a focus for me at university, I do not follow closely nor try to relate economic news or reports to the stock market. I read a few articles here and there, but for the most part, I get that info on here, from those that follow the events. For me, it all shows up in the charts soon enough for my interests. One trader I know has one "news play," but it is based on acquisitions. I might try it sometime but not now. I have enough to keep me busy.Cobra wrote:Financials leading the charge. The close was suspicious, no apparent news. Is it because of a good NFP tomorrow? But a good NFP means no QE and rate hike, right?JFR wrote:A good day for the Dow. Some leaders.
Dow Jones Futures: Market Rally Masks Growth Woes; Roku, NET Stock Lead Earnings Movers As Fed Warns Asset Prices 'Vulnerable'
Once in a while, I check MarketWatch or IBD, etc. to get a read on the market, but not all that often.Dow Jones futures tilted higher late Thursday, along with S&P 500 futures and Nasdaq futures, after the major indexes rose Thursday while growth stocks continued to lag. Amid another rush of earnings from Cloudflare (NET), Roku stock and more, the Federal Reserve late Thursday that many asset prices are "elevated" and "vulnerable to significant declines."
The stock market rally showed gains across the major indexes Thursday, closing near session highs. The Dow Jones hit a record high while the Nasdaq rebounded for slim gains after tumbling below key levels intraday.
A big catalyst: German Chancellor Angela Merkel opposed President Biden's call to waive intellectual property rights for coronavirus vaccines from the likes of Moderna (MRNA) and partners Pfizer (PFE) and BioNTech (BNTX)