Commissar SFLUFAN Posted May 16 Share Posted May 16 Dow rises above 40,000 for the first time as bull market gains steam: Live updates WWW.CNBC.COM The Dow Jones Industrial Average rose above 40,000 for the first time as a banner year on Wall Street continued. I really, really couldn't resist the obvious Warhammer-based pun Quote Link to comment Share on other sites More sharing options...
osxmatt Posted May 16 Share Posted May 16 https://401kspecialistmag.com/trump-on-401ks-vote-for-me-or-its-down-the-tubes/ Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted May 17 Author Share Posted May 17 Dow closes at record high above 40,000 to cinch a five-week winning streak: Live updates WWW.CNBC.COM The Dow briefly crossed 40,000 for the first time on Thursday. Of course, I thoroughly agree with this: Why we care so much about the Dow, the stock market’s dumbest index | CNN Business WWW.CNN.COM The Dow Jones Industrial Average is, at best, an imperfect barometer of stock market activity among a narrow band of very large US companies. It’s clunky, and too limited in scope for any Wall Street pros to pay serious attention to it. Quote The Dow Jones Industrial Average is, at best, an imperfect barometer of stock market activity among a narrow band of very large US companies. It’s clunky, and too limited in scope for any Wall Street pros to pay serious attention to it. Nevertheless, the Dow persists. Quote Serious traders sometimes look down their nose at the Dow because of the way it ranks companies by share price, rather than by market capitalization, like the S&P 500 does. Market capitalization measures the total value of a company on the stock market. In the Dow, a smaller company with less relevance to the economy can outweigh a bigger company. In its current iteration, for example, the Dow deems Goldman Sachs — a Wall Street bank with almost no consumer-facing business, valued at about $125 billion — more important than Apple, a nearly $3 trillion tech behemoth with a billion customers. Quote Link to comment Share on other sites More sharing options...
Ominous Posted May 17 Share Posted May 17 How bad is this for Biden? Quote Link to comment Share on other sites More sharing options...
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