Financial Review

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…..Dow, S&P 500 and Nasdaq all hit all-time highs. Dollar slips. OPEC wants higher prices. Fischer ready for fiscal stimulus and a rate hike. Dividends drop. Anthem-Cigna deal goes to DOJ. Symantec buys LifeLock. Nokia in a drone world. Alibaba attacks the Cloud. Microsoft builds a quantum supercomputer. Financial Review by Sinclair Noe for 11-21-2016.   DOW + 88 = 18,956 SPX + 16 = 2198 NAS + 47 = 5368 10 Y + .01 = 2.34% OIL + 1.87 = 48.23 GOLD + 6.20 = 1214.60 The Dow Industrial, the S&P 500 and the Nasdaq Composite all hit record high closes; their third simultaneous all-time closing highs this year. The Russell 2000 index finished at a record of 1,322.20, a gain of 6.56 points, or 0.5%. The index of small stocks outperformed its large-cap counterpart year to date, rising more than 16% since January, compared with 7.6% for the S&P 500.   Last week, blue chips managed to eke out some minimal gains, while the Nasdaq knocked out a solid 1.6% rally. Techs still have a ways to go considering the stock market’s post-Election Day advance has pulled the Dow up 2.9% in total, compared with a 2.5% rise for the Nasdaq.   The U.S. dollar is trading slightly lower this morning following 10 straight days of gains for the currency, the longest winning streak for the greenback in over three years. The dollar has been supported by continued expectations for higher interest rates by the Federal Reserve, as well as by the ...
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Financial ReviewBy Sinclair Noe