Archives for August 2016

August 2016 - Page 18 of 25 - Money Morning - Only the News You Can Profit From

Dow Jones Industrial Average Today Climbs as Buying Frenzy Continues

The Dow Jones Industrial Average today is still climbing as investors have gained confidence in the global economy.

Fears from Brexit are subsiding, the U.S. economy is adding more jobs, and OPEC will have a meeting to put a cap on excessive oil production.

But those aren't the only stories you need to know- here's all the important stock market information you need to get ready for August 9...

My Chart Shows Why We Can’t Trust These Market Highs

Good news is good news again – for now.

The Labor Department's announcement that July unemployment held steady at 4.9% while adding a better than expected 225,000 jobs was enough to snap the four-day pullback and get traders in the mood to buy.

Those numbers don't necessarily reflect the street reality of the economy, but of course they were enough to get the S&P 500 to yet another new all-time high, even if the Nasdaq Composite, Dow Jones Industrials, and the Russell 2000 didn't quite make it.

This is a near-term bullish development, especially when you consider that, before this recent upward trend, we've gone 14 months between all-time highs.

But... when you see the chart I'm about to show you, you'll agree it's not quite time to pop the champagne corks...