Market Review and Trends
Dow hits 35,000 points as US stocks end at records
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  July 13, 2021
NEW YORK: The Dow flirted with its first-ever close above 35,000 points on Monday (Jul 12) as US stocks turned in another record-filled session ahead of a heavy schedule of earnings releases and economic reports. The blue-chip index finished at 34,996.18, a gain of 0.4 per cent. The index was just above 35,000 points at the 8pm GMT closing bell, but settled under the benchmark after the close. The broad-based S&P 500 gained 0.4 per cent to 4,384.63, while the tech-rich Nasdaq Composite Index advanced 0.2 per cent to 14,733.24. All three major indices finished at records, reflecting how optimism over the economic recovery has offset worries about inflation and the Delta variant of COVID-19. Investors are geared up for a heady earnings season, beginning on Tuesday with reports from JPMorgan Chase and Goldman Sachs. The period is expected to be the second strongest quarter in the last 25 years, according to CFRA Research's Sam Stovall....
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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