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Category Archives: Dow Jones Industrial Average

Dow closes above 26,000 as financials post strong quarterly earnings

Investors should always keep in mind that the most important metric is not the returns achieved but the returns weighed against the risks incurred. Ultimately, nothing should be more important to investors than the ability to sleep soundly at night. – Seth Klarman Stocks continued to defy the laws of gravity as all three major […]

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Dow climbs 507 points or 2% to close at another record high

The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs. – Warren Buffett The stock market continued its torrid pace to start the new year with all three of the major averages posting solid gains and closing at record highs. The best performer was […]

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Stocks strong as Dow shatters 25,000 level, Nasdaq closes above 7,000

The boom and the bust were normal – just two more swings in stock returns over the past century. Reversion to the mean is the iron rule of the financial markets. – John Bogle The stock market picked up this past week where it left off last year as all three major stock averages closed […]

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S&P 500 closes modestly lower but posts 19% gain for the year

The stock market is a device for transferring money from the impatient to the patient. – Warren Buffett Although the stock market limped to the finish line by posting modest losses last week, all three major averages ended in positive territory in December and recorded impressive gains for the year. December has historically been the […]

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Stocks close modestly higher as Congress passes tax reform

While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster. – Benjamin Graham Despite a wealth of news and economic data last week that was mostly positive, the three major stock averages closed only modestly higher. For the Dow Jones Industrial Average and the S&P 500 Index, […]

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Major stock averages close at record highs on tax reform news

The only time to buy that which you don’t understand is on the day with no Y in it. – Warren Buffett All three of the major stock averages closed at record highs last week as the odds that the Republicans would pass a tax reform package increased substantially. While there was some doubt as […]

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Strong jobs report lifts Dow, S&P 500 to record highs

The extravagance of any corporate office is directly proportional to management’s reluctance to reward the shareholders. – Peter Lynch After posting declines for the first three days last week, the stock market reversed course and ended the week with modest gains. In doing so, both the Dow Jones Industrial Average and the S&P 500 Index […]

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Dow rallies nearly 3% on strong Thanksgiving shopping results

Wall Street makes its money on activity… You make your money on inactivity. – Warren Buffett Strong retail sales over the long Thanksgiving weekend that culminated with Cyber Monday and high levels of consumer confidence enable the Dow Jones Industrial Average to break through the 24,000 barrier with a gain of almost 3% last week. […]

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S&P 500, Nasdaq close at record highs on earnings, holiday shopping optimism

Individuals who cannot master their emotions are ill-suited to profit from the investment process. – Benjamin Graham The stock market has historically been strong during Thanksgiving week and it did not disappoint investors this past week. Fueled by optimism that this will be a strong holiday shopping season, both the S&P 500 Index and the […]

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S&P 500 closes modestly lower despite continued strong earnings

I have probably purchased fifty hot tips in my career, maybe even more. When I put them all together, I know I am a net loser. – Charles Schwab Even though the Dow Jones Industrial Average and the S&P 500 Index posted their first two-week losing streak since August, the stock market showed its resiliency […]

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