Hello Singh1. How have u been doing? Wish so. But nowadays shouting limit up is a taboo. Ppl here will whack us kao latt kao lat. haha Last limit up was on a Monday. The Friday before that it rallied to 1.02. Monday limit up 1.32. Made 30 sen back then. Gotta keep the faith. Haha Long live Botak
The S&P 500 gained 0.9% to end the day at 3,168.57, notching a record close. The Nasdaq Composite also posted an all-time closing high, rising 0.7% to 8,717.32. The Dow Jones Industrial Average closed 220.75 points higher, or 0.8% at 28,132.05. All three of the major averages reached intraday records, their first since Nov. 27.
U.S. negotiators have the terms of the deal ready for President Donald Trump’s review. CNBC confirmed reports from earlier in the day that said U.S. negotiators are offering to cancel new China tariffs and reduce existing levies on Chinese goods by up to 50% on $360 billion worth of imports. The latest trade news comes ahead of a key Sunday deadline. If an agreement is not reached by Sunday, additional U.S. levies on Chinese products will take effect.
Trump said in a tweet earlier in the day both sides were getting “VERY close to a BIG DEAL with China.” They want it, and so do we!” The major indexes hit record highs following Trump’s tweet.
“People are very optimistic here that all the risks cited are going away,” said Ilya Feygin, senior strategist at WallachBeth Capital. “It just seems like people who have been skeptical have been forced into the market.”
He noted that weekly inflows into equity ETFs have ranged between $6 billion and $8 billion in recent weeks.
Caterpillar shares jumped 1.9% on Thursday while Micron Technology advanced 3.5%. The VanEck Vectors Semiconductor ETF (SMH) and the iShares PHLX Semiconductor ETF (SOXX) both rose more than 2.5% and hit all-time highs.
Bank stocks also got a lift as Treasury yields rose. The SPDR S&P Bank ETF (KBE) climbed 2.9% and hit a 52-week high. J.P. Morgan Chase, Bank of America and Citigroup all closed at least 1.6% higher. The benchmark 10-year Treasury yield advanced to 1.896% while the 2-year rate was at 1.66%.
Stocks started December on the wrong foot as worries around U.S.-China trade relations increased. In the first two sessions of the month, the Dow lost more than 500 points.
The world’s two largest economies have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
Still, the major averages are up sharply for the year. The S&P 500 and Dow have jumped 26.4% and 20.6%, respectively, year to date. The Nasdaq is up around 31%.
Next year, however, should be tougher on Wall Street, CalSTRS CIO Christopher Ailman said.
“It will be choppy,” Ailman told CNBC’s Brian Sullivan in an interview that aired Thursday. “This is going to be another election year. Remember 2016? That was a really hard year where the market slugged it out to generate a positive return. We may have that kind of year because of all the rhetoric we’re going to hear.”
Walaoeh... US and China finally reached a “phase one” trade deal !!! Hosei liao lar this this our stock market !!! Market are so bullish now !!! 2020 onwards will be prosperous years !!! KLSE going to break 2,000 points soon !!! Huat ah ! Heng ah ! Ong ah !
Interesting today. When it goes up all praise LKH. goes down he kena curse. Poor fella These ppl really have no manners. Sheesh. Must be short term traders. Betcha today they sold all. But i am still holding for long term Lol
LKH already mentioned many times BM is for IWH-CREC. LKH also mentioned that Ekovest & IWcity has nothing to do with BM. Thats why IWH is planning for IPO next year to fund BM
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tebrauteguh
1,399 posts
Posted by tebrauteguh > 2019-12-13 12:30 | Report Abuse
Wow