Quantcast
Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Dividend logo

Despite the possibility that the U.S. Federal Government is once again going to shut down on Friday, the markets opened with strong bullish momentum and pushed equities higher by the end of the week.

The Dow broke above the 26,000 mark after the holiday weekend, but markets had a mixed day on Tuesday. However, by the closing bells on Wednesday, the Dow climbed more than 300 points and closed above the 26,000 mark for the first time.

Despite having a majority in both houses, the GOP has so far failed to pass a new spending bill. If we don’t have a bill by Friday night, we will have another government shutdown. However, Speaker of the House Paul Ryan came up with a bill on Tuesday that could extend funding until February 16. Nonetheless, investors seemed not to be worried about the political process and appreciated several higher-than-expected earnings from the banking sector.

To conclude, market participants have learned to ignore short-term political issues a long time ago, but it was the good news regarding economic activity like the rising industrial production and capacity utilization rate that kept the bullish momentum going this week.

Be sure to check out our previous week’s edition here, wherein investors were concerned that China might halt U.S. bond purchases.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Trade%20war
News

The Market Wrap for May 25: The Trade War Is on Hold

Stocks turned bullish and the Dow pushed above the 25,000 mark once again early in the week as...

News

Trending: Teva Jumps as Buffett Increases Its Stake in the Company

Dividend.com analyzes the search patterns of our visitors each week. By sharing these trends with...

Premium Goldmansachs
News

Goldman’s Warning on Returns

Even the most stoic of long-term market participants must have seen the rise in volatility over...