Reuters Insider - Dow, S&P pause near records
26/12/2019 07:35
Click the following link to watch video: https://share.insider.thomsonreuters.com/link?entryId=0_i9ap8pau&referenceId=tag:reuters.com,2019:newsml_OVBBCC8ZV_930&pageId=ReutersNews Source: Reuters Insider Description: The S&P 500 and the Dow slipped in a shortened, pre-Christmas session Tuesday, as investors paused after a record-setting rally. Fred Katayama reports. Short Link: https://tmsnrt.rs/34SlC74 Video Transcript: Investors paused on Christmas Eve. The NASDAQ managed to eke out a ninth straight closing high Tuesday, but just barely; while a decline in industrial and healthcare stocks dragged the Dow and S&P 500 just below the breakeven line. Max Wolff, an Economist and Founder of the firm Multivariate is concerned about high stock valuations. I don’t think things look terrifying going into the New Year. Again, if you pay any allegiance or pray even secretly at night to the Gods of basic value, you have to be nervous about your money. Shares of Uber rose slightly. Co-founder and former CEO Travis Kalanick will step down from the board of the ride-hailing company by the end of this year. Boeing fell, weighing on the Dow one day after the aerospace giant fired CEO Dennis Muilenburg. A House Committee aide said Boeing documents reviewed by a government committee apparently contained very disturbing comments by the jetmaker’s employees about the grounded 737 MAX aircraft. Advanced Micro Devices’ shares rallied for a fourth straight day. RBC raised its price target on the chipmaker. AMD’s stock prices more than doubled this year