We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
New All-Time Closing Highs for Dow, Nasdaq & S&P 500
Read MoreHide Full Article
Three out of four major market indexes — the Dow, the Nasdaq and the S&P 500 — all closed at new record highs this Monday, perhaps on renewed exuberance regarding the presidential signage of a new relief bill for American pandemic sufferers. Both the Dow and Nasdaq rose by 0.7% on the day, while the S&P 500 grew 0.87%. Only the small-cap Russell 2000, which had set a new intra-day high, slid into the close, finishing -0.4% Monday.
The House of Representatives is currently setting up a vote on additional stimulus beyond the $900 billion bill President Trump finally signed, whereby $2000 checks would be mailed out to American citizens instead of the now passed $600 checks. The $2000 vs. $600 checks had been a sticking point for the president for much of last week, and the cause was quickly picked up by Democrats on the Hill. The Democrats now find themselves in the odd position of siding with Trump and against the president’s Republican party leaders.
Apple (AAPL - Free Report) gained 3.5% on the day to lead the Dow and Nasdaq, while Disney (DIS - Free Report) rose 3%, after enjoying opening-weekend success for its “Wonder Woman 84” film which, while pelted with a chorus of negative reviews, nevertheless saw the biggest theater attendance film since before the pandemic began. The bullish sentiment surrounding getting our “old” economy back seemed to be the catalyst in Monday trading.
Here, between Christmas and New Year’s, traditionally we see lower trading volume as many people take off for the holidays. Though air travel reportedly picked up over this past weekend, we don’t think as many market participants are away from their trading desks this year. Then again, with few pieces of economic data and even fewer quarterly earnings reports these days, we do see markets taking a relaxed approach to buying and selling.
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.4% per year. These 7 were selected because of their superior potential for immediate breakout.
Image: Shutterstock
New All-Time Closing Highs for Dow, Nasdaq & S&P 500
Three out of four major market indexes — the Dow, the Nasdaq and the S&P 500 — all closed at new record highs this Monday, perhaps on renewed exuberance regarding the presidential signage of a new relief bill for American pandemic sufferers. Both the Dow and Nasdaq rose by 0.7% on the day, while the S&P 500 grew 0.87%. Only the small-cap Russell 2000, which had set a new intra-day high, slid into the close, finishing -0.4% Monday.
The House of Representatives is currently setting up a vote on additional stimulus beyond the $900 billion bill President Trump finally signed, whereby $2000 checks would be mailed out to American citizens instead of the now passed $600 checks. The $2000 vs. $600 checks had been a sticking point for the president for much of last week, and the cause was quickly picked up by Democrats on the Hill. The Democrats now find themselves in the odd position of siding with Trump and against the president’s Republican party leaders.
Apple (AAPL - Free Report) gained 3.5% on the day to lead the Dow and Nasdaq, while Disney (DIS - Free Report) rose 3%, after enjoying opening-weekend success for its “Wonder Woman 84” film which, while pelted with a chorus of negative reviews, nevertheless saw the biggest theater attendance film since before the pandemic began. The bullish sentiment surrounding getting our “old” economy back seemed to be the catalyst in Monday trading.
Here, between Christmas and New Year’s, traditionally we see lower trading volume as many people take off for the holidays. Though air travel reportedly picked up over this past weekend, we don’t think as many market participants are away from their trading desks this year. Then again, with few pieces of economic data and even fewer quarterly earnings reports these days, we do see markets taking a relaxed approach to buying and selling.
Questions or comments about this article and/or its author? Click here>>
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>