U.S. stock benchmarks on Tuesday gained but finished well off their best levels of the session as equity-market investors wrestled with falling yields that usually imply that investors are worried about the domestic economy. Still, the Dow Jones Industrial Average DJIA, +0.55% gained 141 points, or 0.6%, to 25,657, after earlier rising as many as 279 points. The S&P 500 index SPX, +0.72% advanced 0.7% to 2,818, while the technology-laden Nasdaq Composite Index COMP, +0.71% climbed 0.
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Stock buybacks among S&P 500 companies mark a record streakThe amount of shares repurchase among S&P 500 companies in the last three months of 2018 hit a record in the fourth quarter, marking the fourth consecutive quarterly all-time high and the longest such streak on record. Lets see if we experience a decent (Window Dressing) futures romp-over-night, only 4-days left to trade in 1st quarter 2019; [out with the dogs, in with the out-performers to paint the ape] before fund-manager statements are mailed out!
Source: MarketWatch - 🏆 3. / 97 Read more »
Jeffrey Gundlach says Fed this week was 'not reassuring' and S&P 500 still in bear marketDoubleLine Capital CEO Jeffrey Gundlach spoke to CNBC's Scott Wapner on Thursday. NO WAY! I'm loving this bear market over the last 3 months. I know people on the sidelines hoping things turn to crap. Is that an investment strategy? He must have some serious shorts on for wanting this to be a bear market. I do hope we get a pull back though.
Source: CNBC - 🏆 12. / 72 Read more »