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Dow Jones closes above 40k for the first time ever
On Friday the Dow Jones industrial average of 30 leading US companies rose to set a new record , at 40,257. The index later managed to post its first ever daily and weekly close above 40,000 on Friday, ending the session at exactly that level. The gains in the Dow Jones again pretty matched those seen in the Nasdaq 100 in percentage terms. The earnings session got underway on Friday and the performance of the banking sector was disappointing and that helped the S+P 500 to underperform the other two indexes- more on all that later today. Meantime, the Asian markets are mixed this morning, with losses in the Nikkei 225 really standing out as the big loser today. However, the Dow Jones futures are still in the green this morning, currently indicating a reopening at around 40,085
Market News
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EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
