But today was different. And historic. It took just a twopoint gain for the s p 500 index to cross and close above the 2000 level. Its 30th record so far this year. There was some euphoria about the dow, as well. The blue chip average hit a record high of 17,153 in intraday trading but pull back by the close. Some good Economic News helped fueled todays gains. Consumer confidence climbed to its highest level since 2007. Also driving stocks, an unusually high number for big ticket orders called durable goods. Those numbers jumped more than 22 . Skewed by International Demand for aircraft and record orders. Heres a look at the closing digits. The nasdaq up 13. And the s p up two points to the new milestone, 2000. 02. Our guests watched every move of the s p today. After all, aaron begins gibbs is with s p capital iq and joins us now. Erin, so nice to have you with us. Thank you. It looks like the s p 500 index is on track for its best august since the year 2000. So 14 years. How do you s
And historic. It took just a twopoint gain for the s p 500 index to cross and close above the 2000 level. Its 30th record so far this year. There was some euphoria about the dow, as well. The blue chip average hit a record high of 17,153 in intraday trading but pull back by the close. Some good Economic News helped fueled todays gains. Consumer confidence climbed to its highest level since 2007. Also driving stocks, an unusually high number for big ticket orders called durable goods. Those numbers jumped more than 22 . Skewed by International Demand for aircraft and record orders. Heres a look at the closing digits. The nasdaq up 13. And the s p up two points to the new milestone, 2000. 02. Our guests watched every move of the s p today. After all, aaron begins gibbs is with s p capital iq and joins us now. Erin, so nice to have you with us. Thank you. It looks like the s p 500 index is on track for its best august since the year 2000. So 14 years. How do you see things going between n
But today was different. And historic. It took just a twopoint gain for the s p 500 index to cross and close above the 2000 level. Its 30th record so far this year. There was some euphoria about the dow, as well. The blue chip average hit a record high of 17,153 in intraday trading but pull back by the close. Some good Economic News helped fueled todays gains. Consumer confidence climbed to its highest level since 2007. Also driving stocks, an unusually high number for big ticket orders called durable goods. Those numbers jumped more than 22 . Skewed by International Demand for aircraft and record orders. Heres a look at the closing digits. The nasdaq up 13. And the s p up two points to the new milestone, 2000. 02. Our guests watched every move of the s p today. After all, aaron begins gibbs is with s p capital iq and joins us now. Erin, so nice to have you with us. Thank you. It looks like the s p 500 index is on track for its best august since the year 2000. So 14 years. How do you s
It took just a twopoint gain for the s p 500 index to cross and close above the 2000 level. Its 30th record so far this year. There was some euphoria about the dow, as well. The blue chip average hit a record high of 17,153 in intraday trading but pull back by the close. Some good Economic News helped fueled todays gains. Consumer confidence climbed to its highest level since 2007. Also driving stocks, an unusually high number for big ticket orders called durable goods. Those numbers jumped more than 22 . Skewed by International Demand for aircraft and record orders. Heres a look at the closing digits. The nasdaq up 13. And the s p up two points to the new milestone, 2000. 02. Our guests watched every move of the s p today. After all, aaron begins gibbs is with s p capital iq and joins us now. Erin, so nice to have you with us. Thank you. It looks like the s p 500 index is on track for its best august since the year 2000. So 14 years. How do you see things going between now and the end
And thats what we saw today when the market plummeted the Federal Reserve says it has to keep buying bonds because the economy is still not Strong Enough to generate enough jobs without Interest Rates staying lower than they might otherwise be. The stock markets retreat and the dow gave up 62 points. The s p dropped 4. 9 , and the nasdaq declined. 55 and can clearly be laid right at the feds feet. Thats because until the fed releases the down beat statement crafted after the monthly meeting the average is pretty much even keel and after a moments hesitation. The sellers sell, sell, sell. Overwhelm the market and stocks began to plummet. Detailing and explaining a pattern of stock buying and selling that while totally counterintuitive has become the mod us operandi, and i want to game it with me. First, the stock market acts pretty sanguine in the days leading up to the fed meeting largely because we know the economy is too weak to stand up by itself. We know the fed has to continue to