With Dow, S&P 500 at record highs, investors are ignoring a ‘material deterioration’ in the global economy

The mood on Wall Street is decidedly bullish, as investors watched the benchmark S&P 500 index notch its fourth consecutive record close on Friday amid rising optimism that the U.S. and China are headed toward an agreement that could ease tensions over trade and create much needed certainty for U.S. corporations as they plan for 2020 and beyond.

Since October 3 through Friday’s close, the S&P 500 SPX, +0.77% has risen 7.2%, the Dow Jones Industrial DJIA, +0.80% as advanced 7.4% and the Nasdaq Composite index COMP, +0.73% has gained 9.7%. “The U.S. economy is not falling on a cliff, but the domestic economy is continuing to slow,” Lydia Boussour, senior U.S. economist at Oxford Economics, told MarketWatch. She expects GDP growth to decline from 2.3% this year to 1.6% in 2020, with growth held down by continued weakness in business investment and a U.S. consumer that will remain healthy, but whose situation will cease improving as job growth slows.

Global growth to bottom out, but not rebound American companies shouldn’t count on a rebound in growth abroad either to boost earnings. Boussour predicts global economic growth will come in at 2.5% in 2020, the same rate as in 2019, and down from 3.2% growth in 2018, with growth in China slowing from 6.1% to 5.7%, as the world’s second-largest economy contends with higher trade barriers and its ongoing effort to reduce economy-wide debt loads.

Source: News Formal (newsformal.com)

Trump prop crew!

We are in biggest bubble since dot com

Here's the thing. Maybe you're the only one not seeing the corroboration.

Market watch the leftist party pooper

MarketWatch, don't scare people! President Trump is doing the right thing for USA, the future is bright, just like President Reagan to the Berlin Wall. Trump is heading America for decades prosperity ahead by correcting decades WTO mistake. If U could give him U support!

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500, Dow eye record highs at open on trade deal hopes, solid earningsThe S&P 500 and Dow Jones indexes were set to hit fresh record highs at the open... CNN will blame the lows on Trump and praise someone else for the highs. Lol!
Source: Reuters - 🏆 2. / 97 Read more »

Stock market today: S&P 500, Dow, Nasdaq post record highs - Business InsiderThe Dow Jones Industrial Average, S&P 500 index, and Nasdaq composite all rose during US trading on Friday.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks end week of milestones at new highs; Dow tops 28,000Healthcare and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly gain. The rich get riicher.
Source: latimes - 🏆 11. / 82 Read more »

After Dow tops 28,000, the next 1,000 points will be determined by trade talksStocks bounced on trade headlines on Friday, but the market could stall out in the week ahead if there is no real progress towards a deal. Just like the last 4000 🙄 The last 2000 already made by daily WH trade pump Cause Trump is so terrible! No one gives AF about the fake impeachment
Source: CNBC - 🏆 12. / 72 Read more »

Dow hits 28,000 for the first timeThe Dow just climbed above 28,000 points for the first time in history. All three major US stock indexes closed at record highs, ending yet another week in the green. We are all excited that trump will finally be impeached! Opposite of what he sassy, the stock market will do amazing once he gets impeached! maga trump2020 ImpeachTheMFTraitorNow Can we have even imagined talking of 28,000 just a few years ago? An incredible run. Thank you Donald Trump!!
Source: CNN - 🏆 4. / 95 Read more »

The Dow nears 28,000 as stocks rallyUS stocks are rallying Friday as the Dow is zeroes in on breaking through 28,000 points for the first time in history. Meanwhile Trump is killing it! KTLA Still winning! Is that impeachable?
Source: CNN - 🏆 4. / 95 Read more »