Dow, S&P 500 close at record highs as strong jobs report boosts economic optimism

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The US added 916,000 jobs in March, beating the projected gains of 660,000 as the US economy begins to fully reopen. COVID-19 vaccinations have surged in recent days, with the US recording multiple days of

The S&P 500 and Dow Jones Industrial Average touched record highs shortly after the opening bell and steadily increased throughout the day, while the Nasdaq 100 continues to recover from its February decline of more than 10%.

 

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There is so much fukin' money sloshing around looking for a place to go is the by far the leading reason. Who the hell is gonna buy bonds with a inflation revving it's engine.

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S&P 500, Dow hit record highs on bank earnings boostThe S&P 500 and the Dow hit record highs on Friday after Morgan Stanley wrapped up bumper quarterly earnings reports from big U.S. banks, while optimism about a solid economic rebound put the main indexes on course for weekly gains.
Source: Reuters - 🏆 2. / 97 Read more »