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The stock market applauded a jobs report today that showed strong payrolls but with concerns enough to keep the Fed reticent to taper just yet, starting the 'Independence Day' week trading session on an up note.
All three major indices had drifted higher into the labor report and Friday's movement sealed a second-straight week of gains for all of them. $S&P 500 Index (.SPX.US)$+0.75%, $Nasdaq Composite Index (.IXIC.US)$+0.81%, $Dow Jones Industrial Average (.DJI.US)$
All three major indices had drifted higher into the labor report and Friday's movement sealed a second-straight week of gains for all of them. $S&P 500 Index (.SPX.US)$+0.75%, $Nasdaq Composite Index (.IXIC.US)$+0.81%, $Dow Jones Industrial Average (.DJI.US)$
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wonggf
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Investors don’t see end to record-breaking equity rally just yet
As stocks around the world continue to smash one record after another, some of the world’s biggest money managers have a simple message: Get used to it.
The likes of BlackRock Inc., State Street Global Markets, UBS Asset Management and JPMorgan Asset Management expect equity markets to keep rising in the second half of the year, with many investors increasingly looking outside the U.S. for more returns.
While some market players caution about risks of a dip given punchy valuations, the sharp bounce in corporate earnings and strong central bank support are expected to keep the rally alive.
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As stocks around the world continue to smash one record after another, some of the world’s biggest money managers have a simple message: Get used to it.
The likes of BlackRock Inc., State Street Global Markets, UBS Asset Management and JPMorgan Asset Management expect equity markets to keep rising in the second half of the year, with many investors increasingly looking outside the U.S. for more returns.
While some market players caution about risks of a dip given punchy valuations, the sharp bounce in corporate earnings and strong central bank support are expected to keep the rally alive.
...
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