Stocks are back at record highs.
On Tuesday, both the S&P 500 and the Nasdaq hit new intraday and record closing highs. The Dow, meanwhile, got within about 60 points of the still-elusive 20,000 barrier before closing at 19,912.
The S&P 500 on Tuesday closed at a fresh record of 2,280.07. The Nasdaq closed a 5,600.96.
On Wednesday, stocks won’t have much in the way of economic data to contend with, as the weekly report on mortgage applications and the November reading on home prices from the FHFA will be the only news to work through.
Earnings, however, will provide plenty for investors to digest on an individual stock basis, with the highlights for Wednesday including results from Boeing (BA), AT&T (T), eBay (EBAY), and Qualcomm (QCOM).
Trump’s market
After Donald Trump was elected president, stocks went into rally mode on hopes that his plans for cutting corporate taxes and his broader business-friendly approach would boost earnings and economic growth.
Myles Udland.
Full story at Yahoo News.
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