Record Highs For Dow And S&P

Posted by | May 19, 2015 07:37 | Filed under: Economy Politics

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One important indicator of the economy is how well the market is doing.

The Dow Jones industrial average and S&P 500 ended at record highs on Monday, helped by a rally in Apple as well as tepid economic data suggesting the Federal Reserve may wait to raise interest rates.

The S&P 500 <.SPX> racked up its third straight all-time high close, gaining 6.47 points, or 0.3 percent, to end at 2,129.2 points. The Dow <.DJI> rose 26.32 points, or 0.14 percent, to end at 18,298.88, beating its previous record close of 18,288.63 from March 2.

U.S. homebuilder sentiment fell in May although most builders view market conditions as favorable, the National Association of Home Builders said on Monday.

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Copyright 2015 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

10 responses to Record Highs For Dow And S&P

  1. Suzanne McFly May 19th, 2015 at 07:49

    Reagan’s trickle down is working just as planned.

  2. William May 19th, 2015 at 09:23

    Dang it. Obama can’t even destroy ‘Murica properly.

    • Robert Kennedy May 19th, 2015 at 20:31

      Of course thinking socialism is bad for the economy requires you to not understand socialism.

  3. Jack E Raynbeau May 19th, 2015 at 11:26

    I was wondering how the markets would react to Mitt’s boxing match.

  4. tracey marie May 19th, 2015 at 12:21

    damn that Obama for making the markets soar, the nerve

  5. Maxx44 May 19th, 2015 at 13:42

    That Muslim, communist, Kenyan out to destroy America sure is screwing up!

  6. Angelo_Frank May 19th, 2015 at 14:47

    In terms of types of financial wealth, the top one percent of households have 35% of all privately held stock, 64.4% of financial securities, and 62.4% of business equity. The top ten percent have 81% to 94% of stocks, bonds, trust funds, and business equity, and almost 80% of non-home real estate. Since financial wealth is what counts as far as the control of income-producing assets, we can say that just 10% of the people own the United States of America.
    http://www2.ucsc.edu/whorulesamerica/power/wealth.html

    • frambley1 May 19th, 2015 at 23:16

      The devil’s biggest triumph was getting people to believe he doesn’t exits (or however that goes, Kaiser Soze)

      The biggest triumph of Wall Street is making people believe that what is good for them is good for the average person. That when stocks are doing well, so are we all. And then the invention of the 401k directly tied a person’s ability to be well off in retirement to the interests of that 10% was the icing on the cake.

      I get frustrated every time I hear the daily and even hourly movement of the DJIA and other indexes reported as part of the business report on news stations. As if that is a number that most people can relate to, or an indication of how they should feel about our economy.

      I have tried coming up with a bumper sticker that would convey the thought that the DJIA is not our number, but a number only for the wealthy who are able to manipulate it to their financial advantage. But can’t come up with a good phrasing for it.

  7. Robert Kennedy May 19th, 2015 at 20:29

    Damn shame Obama is a commie or the market would be at 60,000. Or 250 if McCain had won. Only them commies know how to do capitalism.

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