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| Economy |
| Dow closes higher for 12th straight day, registers longest rally since February 2017 |
| 2023-07-27 |
| [CNBC via WND] The Dow Jones Industrial Average was higher Tuesday as it tried to build on its longest winning streak in more than six years, while traders weighed the latest earnings reports. The Dow rose by roughly 26 points, or 0.1%. The S&P 500 added about 0.3%, while the Nasdaq Composite advanced 0.6%. General Motors shares fell about 4% even after the automaker hiked its full-year earnings guidance. Meanwhile, General Electric climbed more than 6% on the back of stronger-than-expected revenue for the second quarter. |
| Posted by:Besoeker |
| #5 Fed continues to print money and raise interest rates. Stagflation. |
| Posted by: Regular joe 2023-07-27 21:09 |
| #4 I Am Not An Analyst, but is this a reaction to the the hope that the Fed raising base rates is some sign of sanity returning....? |
| Posted by: magpie 2023-07-27 19:48 |
| #3 How does this jibe with the ongoing recession? I am confused! |
| Posted by: Bobby 2023-07-27 15:37 |
| #2 ...My 401k rallied long enough to gasp, "Thank you", then passed out again. Mike |
| Posted by: MikeKozlowski 2023-07-27 13:03 |
| #1 My IRA also remembers between 2007 to 2009 the DOW -32.5% drop. . |
| Posted by: NN2N1 2023-07-27 07:05 |