It’s great the stock market is setting records, but it’s not because the economy is great.
Stocks on Wall Street have soared to fresh record highs, but it’s not because the economy is flashing a big thumbs-up sign. It’s not.
Retail sales ostensibly rebounded in October after declining in September, but a closer look at the numbers suggests consumers are not spending as much as they were earlier in the year. The central bank reduced rates mostly over worries that the U.S. trade war with China could endanger the economy, but tensions have eased as both countries returned to the bargaining table. That’s added to the confidence on Wall Street DJIA, +0.80% . SPX, +0.77%Escalating trade tensions in August and September dented consumer confidence and briefly spawned fresh talk of recession.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Trade deal hopes, surging health stocks power Wall Street to highsWall Street's main stock indexes closed at record levels on Friday, fueled ...
Leer más »
Wall Street is getting very bullish as stocks hit records. Here's why that's worrisomeAnalysts and investors have grown extremely bullish following record highs for stocks, but optimism at the peak of the market is often a bad sign.
Leer más »
European stocks seen higher on US-China trade deal hopesEuropean stocks were set to open higher Friday morning as traders digest optimistic sounds out of the White House on a prospective trade deal between the U.S. and China.
Leer más »
Jim Cramer: Cisco, enterprise tech stocks 'turned into market punching bags''The market wants nothing to do with tech companies that serve the enterprise, but ... it loves the consumer,' the 'Mad Money' host says.
Leer más »
Stocks making the biggest moves after hours: Farfetch, NVIDIA, Applied Materials and moreStocks making the biggest moves after hours: Farfetch, NVIDIA, Applied Materials & more
Leer más »
Asia stocks set to nudge higher following overnight S&P 500 recordAsia markets were set to trade little changed on Friday following a record close overnight on Wall Street for the S&P 500.
Leer más »