51st record close for the Dow. IBM leads the charge (up 8.86%)
When IBM joins the bullish party (up 8.86% today on expectations that the fall in revenues may be near the end), is there anything that can go wrong now?
Tomorrow will be 30 years since the crash of 1987 and that story, may remind people that there can be a crash, but the market has not really shown signs of stopping to run higher yet.
So let the games continue (even if it is the 51st record close for the Dow and the 62nd record high for the S&P (unconfirmed)).
The final numbers for the stock indices are showing:
- The Dow led the way with a gain of 160.16 points or 0.70% to 23157.60. The high reached 23172.93. The low 23086.75. First close above 23k
- The S&P is closing up +1.90 points or +0.07%. The high 2564.11. The low 2559.67. The close today 2561.26
- The Nasdaq up 0.562 points or 0.01% at 6624.219. The high reached 6635.516. The low fell to 6613.547.
The beat goes on.
- American Express beat after the close. The stock is up 53% over the year (geez). It is not reacting much to the news.
- Adobe also beat expectations after the close and it is up abut $10.
- Alcoa misses at $0.72 vs 0.78.
The near end of day % changes of the major currencies vs each other shows that the CAD is the strongest, while the JPY is the weakest.
