Wall street. Thats clear. The dow clod at a fresh record today. The s p eeked out an alltime p high,ting it on track for the best year in two dades. Today the d gained another 23 points. Now at 28645. The nasdaq slipped a bit its peak but still above 9,000. And the s p rose byce 11 s. And it nachd its fifth straight week of gainsow much of the focus this ek has been on the Technology Sector with the nasdaq breaking through 9,000fare the first tim yesterday. We told you which stocks helped power to that level. Tonight dominic chu looks at the stocks that could take it high sfleer stocks like microsof facebook, apple and n individually have pushed the ds nasdaq to outperform over the major indices. If the bullish trends in markets continuing into 202 which nasdaq stocks are expected to do the heavy lifting . Since the nasdaq is a market valt weightedde the Biggest Companies have most influence over performance. Among t biggest names with market values of at least 100 billion, a handful a
That is all ahead but we begin with seema mody and the Market Action today seema, it was record highs to start. Were not there yet, though. Yeah. Thats a great point, dom. Three hours left in trade. Take a look at the screen. Were actually losing a bit of steam. Nasdaq now down just about three points s p 500 higher by four and the Dow Jones Industrial higher by 64 points. Nasdaq, if it gets back into positive territory, it would be on track for its tenth consecutive close. That would be the longest strea since 1997 and it really has been a strong weak lets break down when stocks have been leading the charge as you can see, it is primaril technology apple. Intel. Amazon in fact, amazon stock now playing catchup on track for its biggest oneweek advance of the year in response to those strong Holiday Shopping sales stock up about 6 . Also, want to draw your attention to shares of nike. Sitting on yet another record high this afternoon. Consumer edge overnight raising its price target and
Climbing the wall of uncertainty, but thats true for pretty much every asset class. A lot of folks talked about 2019 as the year of the rally for everything. If we look at highyield stocks along with gold futures, look at that huge gains. 36 for oil. Highyield treasuries, basically the best year since 2009, 2010, or 2011 depending on the asset class. One question on folks minds at this point what 2020 bring . A lot of strategists bullish on 2020 and what that could bring. If we look at charts on the terminal, we will see the s p five the s p 500 is overbought, well above 70. Some technicians dont mind when its overbought. Back in 2017 into 2018, higher highs until it starts to turn down, those conditions really suggest or could be more bullish momentum to the upside. These kinds of rallies go longer below 70, itst kind of bearish and thats a look at the market trading day from new york. This is bloomberg. This is Bloomberg Businessweek post quote live on Bloomberg Radio and bloomberg t
Much as yesterday, of course, when it posted one of it best days since january joining us for the hour is mark tepper, founder and ceo of Strategic Wealth partners. And mark, you know, a rally like this going into year end has got to make your clients feel good but do you tell them not to expect the same thing next year . Thats absolutely the conversation were having with clients right now. I mean, it has been an awesome year markets are up about 30 all on the back of no Earnings Growth whatsoever. So its all been multiple expansion. Its all been an increase in Investor Sentiment so were telling clients right now, manage your expectations for 2020 dont expect a repeat of 2019. I think, unfortunately, a lot of Retail Investors tend to have a shortterm memory when it comes to market performance. So, its not easy. You do have to work at it. Expect good gains in 2020, but nothing like this. Lets focus in on the big stories were watching today Frank Holland is tracking the nasdaqs run to ne
Retailers are feeling jittery. Consumers aren’t shopping like they used to. In a game of chicken between stores and shoppers, it’s the stores that appear to be yielding first, by dropping prices on thousands of products.