Financial Review
Rally Into the Weekend
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:11:14
- More information
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Synopsis
…Stocks higher. Fed sees full employment, except for people who will never get a job again. #BoycottNRA. Gates flips. Financial Review by Sinclair Noe for 02-23-2018 DOW + 347 = 25,309 SPX + 43 = 2747 NAS + 127 = 7337 RUT + 19 = 1549 10 Y – .05 = 2.87% OIL + .80 = 63.57 GOLD – 3.20 = 1329.20 Today, stocks rally into the close; a turnaround from earlier in the week when stocks sold into the close. For the week, the Dow rose 0.37 percent, the S&P advanced 0.56 percent and the Nasdaq gained 1.35 percent. Next week, Federal Reserve Chair Jerome Powell will go to Capitol Hill to deliver his first semi-annual Humphrey-Hawkins testimony. Today, the Fed’s Washington-based Board of Governors wrote in its semiannual report to Congress on monetary policy: “The economic expansion continues to be supported by steady job gains, rising household wealth, favorable consumer sentiment, strong economic growth abroad, and accommodative financial conditions. Upbeat business sentiment appears to have supported solid growth ove