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US stocks hit new record highs today: CNBC

September 5, 2021 Comments Off on US stocks hit new record highs today: CNBC By admin

On the same day that the Dow Jones Industrial Average hit an all-time high of 21,724.19, the S&P 500 and Nasdaq Composite also hit new records.

The Dow is up over 2,000 points since the election and is now up nearly 5,000.

The S&P 500 is up almost 6,000 and is up more than 5,400 points.

The Nasdaq is up nearly 3,400 and is down about 2,400.

On the Nasdaq, the Dow is now at its highest level in more than 13 months.

“The markets are now looking at a new peak,” said Michael Siegel, an analyst at Bank of America Merrill Lynch.

The US stock market was up about 1.8% in morning trading.

The Nasdaq has gained almost 5% this year, according to data compiled by Bloomberg.

The benchmark index of the Dow, which is up about 9% in the past 12 months, is up a whopping 2,527.16 points this year.

As of Friday afternoon, the Nasex had closed at a record high of 2,634.99.

A day earlier, the benchmark S&p 500 was up just 1.4%.

The Dow and the S & P 500 have risen at least 7% each this year but both have since dipped.

Investors were hoping for a surge in the US economy, a sign that the country is recovering from the recession that began in 2007. 

On Friday, the Federal Reserve was set to begin raising interest rates for the first time since 2010. 

The move came as Federal Reserve Chairman Ben Bernanke said the central bank was not in a rush to raise rates. 

“While the Fed has been watching the employment situation closely, it has been clear to us that a rate hike is unlikely this year,” Bernanke told reporters.

At the same time, the markets were also expecting a stronger US manufacturing sector, with economists predicting that the number of manufacturing jobs will be rising at least in the first half of the year.

“We are expecting a solid year for manufacturing,” said Gregor Fekete, head of equities at Fitch Ratings.

“It will be a very solid year.”

The Dow has surged nearly 13% this morning.

In a conference call with analysts on Friday, Bernanke also said the Fed had a “high probability” that interest rates would rise. 

Bernanke also made the case for a rate increase in an interview with CNNMoney on Friday.

He said he expects the central banker to raise interest rates at least three times in the coming year. 

This is the first increase in interest rates since February. 

A recent report from the Federal Deposit Insurance Corp. (FDIC) suggested that the Fed might begin hiking rates next month. 

Meanwhile, the US government is expected to announce its first rate hike since 2012 on Monday.

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