Tag: dow jones
Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.
Australian and US Market Commentary 18 July 2016 – Will the new all-time highs in both S&P 500 and Dow Jones last?
New all-time highs in both the S&P 500 (2169.05) and the Dow Jones (18,557.43) were made on Friday after making new highs each day of the week. It took almost 14 months to surpass the previous all-time highs (2134.72 & 18,351.36) and even then we are only 1.6% & 1.1% above these levels.
There is a strong seasonal pattern surrounding this holiday in the US. The seasonal pattern is that the markets generally rallies the Wednesday before Thanksgiving and, the shorten trading session of, the Friday following.
Read more about Dow Jones Thanksgiving Seasonality - What Can You Expect