Another dull day. Another day where stocks closed stronger than they opened. Another record for the major indices. Another gain for the Dow (+16), which makes 12 days in a row, tying the all-time record from 1987. Other than that, not much happened yesterday.
U.S. stocks managed to close out the week with a small gain on Friday making it 11 straight positive closes for the Dow as it ended the day up 11-points, and it needed a 90-point rally in the last hour to get there. The international stocks saw some stiff losses on the day but they may react positively on Monday to Friday's late strength in the U.S. market, unless something changes overnight.
Administrative Note: TSP Talk May Be Down This Weekend: We will be moving TSP Talk to a new server this weekend so we will need to take down the old server and do some testing which means there will be downtime. Sorry for any inconvenience.
Make it 10 for the Dow. The Dow gained 35-points on the day for a 10th straight day of gains. The broader indices were mixed with the S&P 500 up 1 while the Nasdaq, small
It's getting difficult to write these market summaries lately, without sounding like a broken record, but once again stocks got stronger as the day went along. The difference yesterday was that we finally saw a little bit of selling in the broader market indices despite the Dow being up for a 9th straight day gaining another 33-points.
The consistency of strong closes in the stock market over the last several weeks has been remarkable. No matter how much pressure the bears may try to put on during the day, we have seen buying into the close repeatedly. The Dow ended the day up another 119-points with gains at or near 0.50% across the board.
S&P 500 (C fund)
||Dow Completion (S fund)
||EFA (I fund)
||Bonds (F fund)