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Category Archives: Dow Jones Industrial Average

S&P 500 hits record high before falling on strong jobs report

The safe way to double your money is to fold it over once and put it in your pocket. – Kin Hubbard, American humorist Despite news that there were over 31,000 confirmed cases of the coronavirus and over 600 deaths in China, the major stock averages hit record highs on Thursday, only to relinquish those […]

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Dow drops 2.5% as fears rise over spread of coronavirus

A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices. – Warren Buffett Investors succumbed to fears over the spread of the coronavirus in China last week and the major stock averages all closed lower, with losses ranging from 2.5% for the […]

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S&P 500 posts first weekly loss in 2020 on coronavirus fears

I don’t know where the stock market is going, but I will say this: that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about. – Alan Greenspan The Dow Jones Industrial Average was a victim of profit-taking last […]

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Dow closes above 29,000 as Phase One trade deal with China signed

The hardest thing over the years has been having the courage to go against the dominant wisdom of the time, to have a view that is at variance with the present consensus and bet that view. Courage and the ability to withstand pain are required. – Michael Steinhardt, American investor and hedge fund manager For […]

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Stocks post modest gains as tensions with Iran ease for now

Owning the stock market over the long term is a winner’s game, but attempting to beat the market is a loser’s game. – John C. Bogle The major stock averages resumed their march higher last week and all three closed within a half-percentage point of their all-time closing highs. The Dow Jones Industrial Average eclipsed […]

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Major stock averages close mixed as tensions with Iran likely to escalate

You can line up more experts than you can shake a stick at, but none can predict with certainty what investors really want to know: How will the market do tomorrow, or next week, or next year? – John Neff After soaring in 2019, the major stock averages took a breather last week and closed […]

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Nasdaq tops 9,000 and S&P 500, Dow close at all-time highs

People who thought there was a bubble, and that prices were too high, find themselves questioning their own earlier judgements, and start to wonder whether fundamentals are indeed driving the price increase. – Robert J. Shiller In the holiday-shortened week, the stock market continued its climb higher into rarefied air as the Dow Jones Industrial […]

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Strong momentum propels stocks to record highs

When people discover they are no good at baseball or hockey, they put away their bats and their skates and they take up amateur golf or stamp collecting or gardening. But when people discover they are no good at picking stocks, they are likely to continue to do it anyway. – Peter Lynch What a […]

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Stocks rise as U.S. and China reach phase one trade agreement

I think that stocks have been this tremendous, tremendous equalizer for people in this country. Guys who can’t make a lot of money at their jobs have been able to make a lot of money in the stock market. – Jim Cramer There was no shortage of good news last week and, as a result, […]

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Stocks rally after strong jobs report to erase steep losses

A pessimist sees the difficulty in every opportunity, an optimist sees the opportunity in every difficulty. – Winston Churchill In a dramatic turnaround, the Dow Jones Industrial Average rallied 337 points on Friday and nearly erased a 370-point deficit from earlier in the week, closing lower by just 36 points or 0.1%. The S&P 500 […]

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