Safe with investors going allin on the kind of stocks theyll be very sorry about if the good news for the past 24 hours fails to payoff. And thats how the dow surged 912 points the s p rocketed up 3. 15 . And the nasdaq 2. 44 too many of the socalled pro covid stocks you know what i mean when you look at pictures of lines at bars in ohio or wisconsin this weekend, im sure you saw them how about the packed beaches theres none left in jersey, and florida. Its clear america is reopening for business theyre putting in new rules and regulations to keep people safe, social distancing and happened washin hand washing people are ignoring them talk about better to be sorry than safe. Living in new york i know the virus is contagious. I hope the rest of the country doesnt have to find out the hard way this is reckless, but seeing the lines did make me more confident about the economy. It did seemed somehow good even though i know it could be dangerous second, we got a look at a totally reassurin
But instead equities unexpectedly took off. And the kept going. Reaching new highs along the way. And it happened again today. The dow finished the with gain of 8points today to close at another record 26743, the nasdaq fellte1 points as nology continued to lag. And the s p fell by 1 poowt. The and the s p were higher for the week, especially the dow adding 2 . Here is look backt an impressive week. Stocks fell into the close amid the increasing trade tensions. The white house has released details of the new tarfs on chinese imports worth approximately 200 billion. China made good on the promise to hit the u. S. Back with tariffs. The tug of war over tariffs. Our impact in 2018 is going to be about 40 million from tafrp related costs. Manufacturing is growing in the country. The trade war has theotential set us back. Investors seem convinced both sides wan a solution and a deal here. People are making a mountain out of a every time there is a new semi negative nenl in trade everybodys
Principal Financial Group Inc. lowered its position in Penske Automotive Group, Inc. (NYSE:PAG – Free Report) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,592 shares of the company’s stock after selling 452 shares during the period. Principal Financial Group Inc. owned 0.11% […]