|Day's Range||26,519.39 - 26,697.49|
|52 Week Range||22,219.11 - 26,697.49|
A somewhat tame schedule faces investors on Friday, though record highs in the Dow and S&P 500 on Thursday as the U.S. stock market continues to outpace its global peers will be a major area of focus for investors to cap the week.
The U.S. economy is forging ahead while the rest of the global economy is trying to keep up, said Carlyle co-CEO Kewsong Lee.
Yahoo Finance convenes an all-star lineup with some of the best minds in business and beyond for this year's All Markets Summit: A World of Change.
Asian stocks extended gains on Friday after Wall Street's S&P 500 set a new all-time high, while the dollar slipped on views that Beijing's and Washington's fresh exchange of tariffs may be less damaging than initially feared. On Wall Street, trade-sensitive industrial stocks led the gains on Thursday.
The economy is doing so well these days that even Barack Obama recently emerged 20 months after he left office to claim credit. Perhaps he’ll give another speech after Thursday brought more news that the days of economic malaise are over.
Major benchmarks closed at record highs on a historic day on Wall Street. Under Armour rose after announcing workforce reductions, while Red Hat fell following the release of its latest quarterly results.
World stock markets rallied on Thursday, with the Dow and S&P 500 setting new highs, while the U.S. dollar slipped as investors viewed this week's fresh U.S. and Chinese tariffs on imports as less harsh than initially feared. Larry Fink, chief executive of BlackRock Inc, the world's largest asset manager, said the United States was "a big winner" in the trade spat with China "in the short term," though not necessarily over time. The Dow industrials became the last key U.S. stock index to regain record territory, while the benchmark S&P 500 set a fresh record high.
There aren’t major headlines but that hasn’t stunted either index. The surge comes ahead of potential volatility Friday.
The S&P 500 and Dow Jones Industrial Average were both trading in record territory on Monday as all remained quiet on the trade front. Treasury yields finally stopped rising, but that didn’t stop the rally in rate-sensitive financials. Walt Disney’s ESPN+ hit a subscriber milestone, while Viacom got a boost from an upgrade.
"As the market goes into full phase, all the hedge funds and everyone else who were short on anticipation might jump on here," the Wharton professor says.