S p 500 also at a new ale time high of 1781, up 14. 25 points. The dow and s p closing at alltime highs. Bob, this meltup keeps happening. Dow jones industrial average, we were weak throughout the morning. Frankly going into european close around noon it started lifting. Not a lot of big macro news out there but Janet Yellens testimony tomorrow creating considerable question. May be more dovish than some anticipated. We dont have that testimony yet, but that was a source of a lot of speculation today. A lot of groups that have beaten up, moved to the upside. Good news on the fundamentals on retailers, macys had a terrific day. 3. 5 same comp sales moves. Nordstrom reporting tomorrow. Walmart also reporting as well as kohls tomorrow. Internet stock, high beta names moved up but emerging markets down again. Seven, eight, nine days in a row they are been to the downside. Many down double dijs over the last two weeks. A rare ipo disappointment. Its been a great ipo run. Not today for chegg
California Financial Advisors, based in San Ramon, CA, is ranked No. 30 on the 2023 CNBC Financial Advisor 100 list. The firm also appeared on last year's FA 100 list.