Dow closes above 19,000 as stocks notch record closing highs; telecoms spike 2%

by Fred Imbert | CNBC.com  |  published on November 23, 2016

19000

U.S. equities closed higher on Tuesday, hitting new all-time highs, as investors digested housing data and kept an eye on President-elect Donald Trump’s policy agenda.

The Dow Jones industrial average rose about 70 points, closing above 19,000 for the first time ever, with Home Depot contributing the most gains.

“What we’re seeing is a shift in the sectors that are participating” in this rally, said Quincy Krosby, market strategist at Prudential Financial. “It hasn’t been parabolic in some sectors.”

The S&P 500 closed over 2,200 for the first time, as telecommunications rose about 2.1 percent to lead advancers. The Nasdaq composite also closed at all-time highs, rising approximately a third of a percent.

“Global equity markets are reacting positively to new all-time highs in the SPX,” said Katie Stockton, chief technical strategist at BTIG, in a note. “Momentum is proving strong enough to overrule overbought conditions, so we think it is appropriate to be buying breakouts.”

  • Harry J Schaubel

    Just another example of how BAD Pres Trump is for our economy. It’s actually terrible how people and companies are making money. Oh I know! It’s just more Smoke & Mirrors by the Republicans.

    *heavy on the sarcasm for our Dem readers*

    • Rodney Steward

      Like that, Obama never seen the stock market like this in his whole 8 years!! The economy is already better and Trump’s not even in office yet!

      • Harry J Schaubel

        Yup. And it’s got them all scared.

        • Rodney Steward

          Obama’s made one he$$ of a mess, got a lot to straighten out, and along with that heads have to roll!

    • Catherinemstubbs

      Google is paying 97$ per hour! Work for few hours and have longer with friends & family! !sf182c:
      On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
      !sf182c:
      ➽➽
      ➽➽;➽➽ http://GoogleFinancialJobsCash472ShopSurfGetPay$97Hour ★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★::::::!sf182c:….,……..

Google Analytics Alternative