Financial Review
Eight Straight
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:13:15
- More information
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Synopsis
…A string of gains on Wall Street. China-US tweet strange. US companies have hearings on tariffs this week. China visit. SCOTUS rules open up sports gambling. Xerox-Fuji deal nixed. Sears’ slow destruction. Net neutrality on the line. Financial Review by Sinclair Noe for 05-14-2018 DOW + 68 = 24,899 SPX + 2 = 2730 NAS + 8 = 7411 RUT – 6 = 1600 10 Y + .02 = 3.00% OIL + .48 = 71.18 GOLD – 4.90 = 1314.00 The Dow Industrial Average started the session with triple digit gains, then drifted slightly lower. The Dow posted its eighth straight session of gains, the longest streak since last September. The Russell 2000 index hit 1615, a couple of points away from its previous intraday record but closed down. Chinese President Xi Jinping’s top economic adviser is heading to Washington this week for more negotiations. This on the heels of a US trade delegation flop in Beijing. This morning Trump tweeted that he will help save ZTE, a Chinese electronics maker; writing that “Too many jobs lost in China.” The company was