Wall Street growing worried the stock market's Trump rally is getting ahead of itself

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 72%

Investment Strategy Nouvelles

Stock Markets,S&P 500 Index,Dow Jones Industrial Average

The stock market’s postelection rally may have gone too far, too fast.

The stock market's postelection rally may have gone too far, too fast. The S & P 500 surged 4.7% last week, its biggest weekly gain since November 2023. The Dow Jones Industrial Average and Nasdaq Composite also posted strong gains, up 4.6% and 5.7% in the week, respectively. The major averages also hit all-time highs.

"Since 2009, when more than 25% of SPX components hit a 52-week high, 10-day returns have averaged -0.49% and higher just 43% of the time. days later, the SPX has been lower eight of the last ten times averaging a -1.65% return," Krinsky said. The S & P 500 closed Friday's session at 5,995.54 after briefly trading above 6,000 for the first time. Anything more, and investors should take profits, according to Citigroup strategist Scott Chronert.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Breitbart Business Digest: Wall Street Sides with Harris, Main Street Sides with TrumpSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
La source: BreitbartNews - 🏆 610. / 51 Lire la suite »

Breitbart Business Digest: Trump Wins the Economic Debate While Harris Courts Wall StreetSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
La source: BreitbartNews - 🏆 610. / 51 Lire la suite »