Financial Review

Laser Focus


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….Dow record close. Milking USMCA. NY Times says Trump committed tax fraud when inheriting his father’s wealth. Pepsi grows snacks, won’t go for weed. Amazon goes for $15 per hour. A Nobel for Donna Strickland for lasers – look it up. Financial Review by Sinclair Noe for 10-02-2018   DOW + 122 = 26,773 SPX – 1 = 2923 NAS – 37 = 7999 RUT – 16 = 1656 10 Y – .02 = 3.06% OIL – .24 = 75.06 GOLD + 14.20 = 1203.80   A record high close for the Dow. This was the 14th record high close for the Dow in 2018. Facebook, Netflix and Amazon, part of the FANG group of stocks, left the Nasdaq in negative territory and served as a drag on the S&P 500. Dividend-paying sectors were the best performers of the major S&P sectors, with utilities up 1.3 percent and consumer staples up 0.6 percent. So far this year, the S&P 500 is up 10.6% on a total return basis this year versus a 2.7% decline for the rest of the world.   Intel shares led Dow components higher with a 3.6% gain to close at $48.10. For the year, Intel shares are up 4.2%, compared with an 8.3% gain in the Dow, a 9.4% advance in the SOX indexand a 15.9% gain in the Nasdaq. The Dow was also boosted by names such as Boeing and Caterpillar as investors remained upbeat on trade-sensitive companies following the deal negotiated between the United ...
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Financial ReviewBy Sinclair Noe