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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ S & P 500 is on its way to closing a record high

S & P 500 is on its way to closing a record high



  • Shares recorded record highs on Tuesday after strong earnings.
  • This comes as investors weigh a number of tribes that led the Federal Reserve to signal a break in its three-year hiking campaign in January.
  • Tensions and weakening of global growth have failed to offset the longest-running bull market
  • Huge quarterly economic results have led the S & P 500 on Tuesday to close record high as current trading tensions and slow global growth failed to offset the longest running bull market in recent history.

    The index rose 0.8% to 2.931, which put it above its last closed height of 2,930.75 in September. The Dow Jones Industrial Average (+ 0.5%) and the Nasdaq Composite (+ 1.1%) also recorded record closing levels.

    Shares were driven by strong earnings from a wide range of companies. Twitter ran nearly 18% after the results showed that it had 134 million daily users in the first quarter, a record amount that exceeded estimates by a long shot.

    Coca-Cola, United Technology, and Lockheed Martin Corp also released optimistic earnings. Amazon, Facebook and Microsoft are set to report later this week.

    Investors also weigh a number of strains that led the Federal Reserve to signal a break in its three-year hiking campaign in March. While the officials were in a rate hike by 2020, one step in the opposite direction is not excluded. RELATED: Look at the New York stock market before the presidential election in 2016:

    11 PHOTO

    New York Stock Exchange before the election

    See Gallery [19659016] Traders working on the floor at New York Stock Exchange (NYSE) in New York, USA November 7, 2016. REUTERS / Brendan McDermid

    Traders working on the floor of the New York Stock Exchange (NYSE) in New York New York City, USA, November 7, 2016. REUTERS / Brendan McDermid

    Traders working on the floor of the New York Stock Exchange (NYSE) in New York City, USA on November 7, 2016. REUTERS / Brendan McDermid

    ] Traders working on the floor of the New York Stock Exchange (NYSE ) in New York, USA, November 7, 2016. REUTERS / Brendan McDermid

    Traders working on the floor of the New York Stock Exchange (NYSE) in New York City, USA, November 3, 2016. REUTERS / Brendan McDermid [19659019] Pedestrians walk along Wall Street near the New York Stock Exchange (NYSE) in New York, USA October 31, 2016. American stocks rose from a six-week low in the midst of an increase in transaction activity, as traders assessed the prospects for the presidential election and interest rates in the world's largest economy. Photographer: Michael Nagle / Bloomberg via Getty Images

    NEW YORK, NY – NOVEMBER 01: Traders work on the floor of the New York Stock Exchange (NYSE) on November 1, 2016 in New York City. As Wall Street continues to feel election security, the Dow Jones shutters dropped more than 100 points. (Photo by Spencer Platt / Getty Images)

    A dealer works on the floor of the New York Stock Exchange (NYSE) in New York, USA, Friday, November 4, 2016. American stocks fluctuated with salaries data that controlled Speculation The economy is strong enough to weather higher interest rates while investors remained cautious before the forthcoming presidential election. Photographer: Michael Nagle / Bloomberg via Getty Images

    Traders work on the floor of the New York Stock Exchange (NYSE) in New York, USA, Friday, November 4, 2016. American stocks fluctuated between payrolls data that controlled speculation economy is strong enough to weather higher interest rates while investors remained cautious before the forthcoming presidential election. Photographer: Michael Nagle / Bloomberg via Getty Images

    NEW YORK, NY – NOVEMBER 01: Traders are working on the floor of the New York Stock Exchange (NYSE) on November 1, 2016 in New York City. As Wall Street continues to feel election security, the Dow Jones shutters dropped more than 100 points. (Photo by Spencer Platt / Getty Images)

    A businessman works on the floor of the New York Stock Exchange (NYSE) in New York, USA, Monday, October 31, 2016. American stocks rose from a six-week low in the middle of an increase in deal activity, as traders assessed the prospects for the presidential election and interest rates in the world's largest economy. Photographer: Michael Nagle / Bloomberg via Getty Images




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"The Fed so far has not made a mistake to burn worrying inflation levels or push the economy into recession by overstatement," said John Stoltzfus, investment manager of Oppenheimer Asset Management. "The Fed has been essentially sensitive to strengths as well as weaknesses in the economy of policy formulation."

Growth has been sputtering in major economies worldwide, especially China and Europe. US gross domestic product is expected to come in between 1% and 2% in Q1, and some forecasters hamper the possibility of a recession in the largest economy by 2020.

Investors have been cautious about technology sharing, which helped to Lead the historic bullfighting, which began in 2009, may fall into a staggering pace of growth. These concerns have been the focus of high-flying companies, including Apple, who recently warned that sales will be damaged by the slowdown.

Apparent progress in trade negotiations between the United States and China has helped lift some sectors, making industrial nations top players in the first quarter. Especially chipmakers have seen impressive gains, with the Philadelphia Semiconductor Index hitting a full-time high in March.

But rates have still cast a shadow of uncertainty over the company's supply chains and investments, worries that have caused some companies to dampen their prospects. The United States has been engulfed in a storm of trade disputes with its main business partners for nine months and counts.

"Clarity on trading supports increased investment spending that can expand financial and surplus expansion," says John Lynch, investment manager at LPL Financial. "Lower taxes, repatriation of foreign income and expense items are also tailwinds."

The stock market hit a large uneven patch at the end of 2018, marking its worst annual performance since the financial crisis. Nevertheless, Dow rose to new heights more than a dozen times during the year, and lastly set a new record in September.

The difference between equity risk premiums related to equities and relatively secure US government bonds still seems to be broad according to Vinay Pande, head of trading strategies at UBS Global Wealth Management's UCITS.

"In the absence of a recession or repetition of trade conflict, one would expect further gains in stocks, but perhaps at a more moderate pace," said.

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