s p 500 history chart - s&p 500 returns chart
"s p 500 history chart - s&p 500 returns chart"
in the news s p 500 history chart - s&p 500 returns chart? What this all about..... See below.
Sentiment Trader notice U.S. equities closed mixed on Friday, but managed another record close, while investors kept an eye on France's presidential election.
"Investors right now continue to shrug off almost all bearish news and continue buying stocks," said Adam Sarhan, CEO of 50 Park Investments. "Pullbacks now last hours; not days."
"Right now, it seems we are in a state of unadulterated buying in the market, we think.
The Dow Jones industrial average closed just above breakeven, with UnitedHealth contributing the most losses and Boeing the most gains.
The S&P 500 closed 0.1 percent higher, with telecommunications outperforming. The telecommunications sector, which had been one of the worst performers for most of Friday's session, erased losses in afternoon trade. Reuters reported that Japan's SoftBank Group is prepared to give up control of Sprint to T-Mobile to clinch a merger of the two U.S. wireless carriers.
Here is the chart, you can notice the S&P is in a nice upwards channel with the price right now up at resistance that goes back to mid 2016, so if there is going to be a problem in this rally it would come soon.
This is quite interesting.
It's not a surprise to see the market pause here, The question is whether this is the beginning of a pullback or just a pause."
The three major indexes had posted record closing highs five straight sessions before closing mixed Thursday. Lifting stocks were the prospects of President Donald Trump presenting a "phenomenal" tax plan soon, as well as solid economic data.
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