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Dow and S&P 500 Reach Records; Market Cools After Trump Talks Up Dollar

2018-01-26 0 Dailymotion

Dow and S&P 500 Reach Records; Market Cools After Trump Talks Up Dollar<br />NEW YORK — The Dow Jones Industrial Average and S&P 500 closed at their highest levels ever on Thursday although<br />Wall Street relinquished bigger gains after President Donald Trump said he wants a strong dollar.<br />Jack Ablin said that If growth continues the way we expect, we should see a rotation out of these mega-cap tech companies<br />and into more of the higher-leveraged value companies,<br />Frank Davis said that It’s non-stop positive reinforcement that keeps pushing the market up,<br />The dollar had suffered its biggest daily percentage drop in seven months on Wednesday<br />after U. S. Treasury Secretary Steven Mnuchin said he welcomed a weaker currency.

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