DOW, S&P 500 Close At Record Highs Monday, Oil Continues Decline

[skews13]

U.S. stocks ended higher on Monday, with the Dow Jones Industrial Average and the S&P 500 logging record closing highs as third-quarter earnings season moved into full swing.

The Dow Jones Industrial Average went up 201.36 points or 0.47% to end at 43,065.22, a record close. It's the index's 37th record close of the year.

The S&P 500 rose 44.82 points or 0.77% to finish at 5,859.85. It is the index's 46th record close this year.
The Nasdaq Composite gained 159.75 points or 0.87% to close at 18,502.69.

DJIA
DJIA (Dow Jones Global)
43065.22201.360.47%

S&P 500
SPX (S&P US)
5859.8544.820.77%

Nasdaq
COMP (Nasdaq)
18502.69159.750.87%

Oil futures ended lower Monday, with Brent prices losing 2% to give back all of last week's gains and then some, after a weekend announcement by Chinese authorities failed to provide details on a stimulus plan sufficient to reassure investors nervous about crude demand.

The Organization of the Petroleum Exporting Countries, meanwhile, further trimmed its outlook for growth in oil demand this year and in 2025, also contributing to Monday's decline in oil prices.

Crude Oil
CL.1 (NYM)
$70.66 USD-3.17-4.29%

Crude Oil Nov 2024
CLX24 (NYM)
$70.66 USD-3.17-4.29%

Brent Crude
BRN00 (IFEU)
$74.38 USD-3.08-3.98%

Brent Crude Dec 2024
BRNZ24 (IFEU)
$74.38 USD-3.08

Stock Market Today: Dow, S&P 500 score record closes to kick off first full week of third-quarter earnings season

Follow along to MarketWatch’s coverage of financial markets on Monday

www.marketwatch.com

 

[rightwinger]

Bidenomics

 

[citygator]

This is the greatest economy in the history of the world. Thanks Biden! Employment, GDP, Investment growth, Home Equity...

 

[Harpy Eagle]

Despite all the doom and gloom from the MAGA cult, the US is doing better than most of the world.

The American economy has left other rich countries in the dust

Expect that to continue, argue Simon Rabinovitch and Henry Curr

www.economist.com

 

[shockedcanadian]

U.S. stocks ended higher on Monday, with the Dow Jones Industrial Average and the S&P 500 logging record closing highs as third-quarter earnings season moved into full swing.

The Dow Jones Industrial Average went up 201.36 points or 0.47% to end at 43,065.22, a record close. It's the index's 37th record close of the year.

The S&P 500 rose 44.82 points or 0.77% to finish at 5,859.85. It is the index's 46th record close this year.
The Nasdaq Composite gained 159.75 points or 0.87% to close at 18,502.69.

DJIA
DJIA (Dow Jones Global)
43065.22201.360.47%

S&P 500
SPX (S&P US)
5859.8544.820.77%

Nasdaq
COMP (Nasdaq)
18502.69159.750.87%

Oil futures ended lower Monday, with Brent prices losing 2% to give back all of last week's gains and then some, after a weekend announcement by Chinese authorities failed to provide details on a stimulus plan sufficient to reassure investors nervous about crude demand.

The Organization of the Petroleum Exporting Countries, meanwhile, further trimmed its outlook for growth in oil demand this year and in 2025, also contributing to Monday's decline in oil prices.

Crude Oil
CL.1 (NYM)
$70.66 USD-3.17-4.29%

Crude Oil Nov 2024
CLX24 (NYM)
$70.66 USD-3.17-4.29%

Brent Crude
BRN00 (IFEU)
$74.38 USD-3.08-3.98%

Brent Crude Dec 2024
BRNZ24 (IFEU)
$74.38 USD-3.08

Stock Market Today: Dow, S&P 500 score record closes to kick off first full week of third-quarter earnings season

Follow along to MarketWatch’s coverage of financial markets on Monday

www.marketwatch.com

Rich getting richer while the average family can't afford their rent, their groceries and their kids have to compete with foreign slave labour in order to enter the workforce for the first time.

Harris/Walz are going to keep this success going baby. The next four years are going to be a blast, an explosion of joy!

 

[Harpy Eagle]

My IRA is sitting at an annualized ROR of 20.7

My 401k is at 16.6% not annualized.

 

[Harpy Eagle]

Rich getting richer while the average family can't afford their rent, their groceries and their kids have to compete with foreign slave labour in order to enter the workforce for the first time.

Harris/Walz are going to keep this success going baby. The next four years are going to be a blast, an explosion of joy!

My family is pretty average, far from rich and yet we are not doing any of those things you claim to be happening. Perhaps you are thinking of your country and not ours.

 

[shockedcanadian]

My family is pretty average, far from rich and yet we are not doing any of those things you claim to be happening. Perhaps you are thinking of your country and not ours.

The next four years could be a blast. An explosive period in world history. Are you excited yet?

 

[Darkwind]

I am always happy when the market does well. There are many people who depend upon the market doing well for their retirement and wealth growth.

It has nothing to do with Biden/Harris/Democrats.

 

[Harpy Eagle]

The next four years could be a blast. An explosive period in world history. Are you excited yet?

The next 4 years will be a blast, the last for years of me working. It will be much fun. I no longer care about promotions or any of that jazz, just going to do my job and get my paycheck and enjoy life.

Whomever wins this election will not impact my life on iota, nothing in my life will change based upon the next resident of the White House.

 

[Harpy Eagle]

I am always happy when the market does well. There are many people who depend upon the market doing well for their retirement and wealth growth.

It has nothing to do with Biden/Harris/Democrats.

yet oddly enough when there is a Repub in the White House it is always due to them.

partisanship is a dangerous disease

 

[Darkwind]

yet oddly enough when there is a Repub in the White House it is always due to them.

partisanship is a dangerous disease

I've never made that statement. Oddly, the left denounces the right when they claim their side is responsible by saying that their guy cannot affect it.

Then turn around and lay claim to being responsible for a great market.

BTW, the market is NOT the economy.

 

[Harpy Eagle]

Oddly, the left denounces the right when they claim their side is responsible by saying that their guy cannot affect it.

Then turn around and lay claim to being responsible for a great market.

As I said...partisanship is a dangerous disease...holds true for both sides.

 

[Harpy Eagle]

BTW, the market is NOT the economy.

True, just an indicator of its health. In this country at least.

 

[shockedcanadian]

The next 4 years will be a blast, the last for years of me working. It will be much fun. I no longer care about promotions or any of that jazz, just going to do my job and get my paycheck and enjoy life.

Whomever wins this election will not impact my life on iota, nothing in my life will change based upon the next resident of the White House.

It could have a much greater impact on your life and that of all of humanity than you understand.

Dick Cheney will be back in the saddle baby!

 

[Harpy Eagle]

It could have a much greater impact on your life and that of all of humanity than you understand.

Dick Cheney will be back in the saddle baby!

You keep living in fear, hiding in your basement.

That is just not my style.

 

[shockedcanadian]

You keep living in fear, hiding in your basement.

That is just not my style.

Sigh. You just don't get it.

Not to worry, you are far from alone. You have some of the "smartest" people, the "experts" who have made it their lifes work, unintentionally I have to believe (or hope); to be so wrong about so much for so long a period of time. Maybe you will be right and I will be wrong, it wouldn't be the first.

I've accepted whatever the geopolitical reality brings, I can't change it but at least I said my piece along the way.

 

[skews13]

Rich getting richer while the average family can't afford their rent, their groceries and their kids have to compete with foreign slave labour in order to enter the workforce for the first time.

Harris/Walz are going to keep this success going baby. The next four years are going to be a blast, an explosion of joy!

Foreign labor is prevalent, because they fill jobs that domestic labor does not have the initiative to do.

Corporations only have one responsibility. Their shareholders.

They can only create value for their shareholders by creating profits, which includes inflationary pricing, and reducing labor costs.

Which of those choices are you willing to take away from these businesses, to make your life more affordable?

 

[shockedcanadian]

Foreign labor is prevalent, because they fill jobs that domestic labor does not have the initiative to do.

Corporations only have one responsibility. Their shareholders.

They can only create value for their shareholders by creating profits, which includes inflationary pricing, and reducing labor costs.

Which of those choices are you willing to take away from these businesses, to make your life more affordable?

Illegal immigration, funding polluting nations that employ slave labour with the intention of being in the middle of WWIII vs America takes precedence over profits with far greater peril at risk than smaller profit margins. Companies and CEOs are going to have to accept less or millions could die, many of them American. It's that simple.

When IBM was building the computational system for the nazis to keep track of their prisoners, did you accept that as a company looking out for their bottom line or is there a greater moral obligation to the world and their own reputation?

 

[Harpy Eagle]

Sigh. You just don't get it.

You are correct, I do not get living in fear or something I have no control over. But for folks like you, it seems to give you a sense or purpose.

I've accepted whatever the geopolitical reality brings, I can't change it but at least I said my piece along the way.

I do not think you have a clue about the actual current geopolitical reality. The folks you listen to are fear mongers, but cannot say for sure as you are too embarrassed to ever link to a single one of them.