Markets Right Now: Trump marks record bull market with tweet

NEW YORK — The latest on developments in financial markets (all times local):

6:45 p.m.

President Donald Trump is marking the bull market in U.S. stocks — now the longest on record — with a tweet.

Trump writes, "congratulations America!" in response to the development.

The current bull run on Wall Street became the longest in history on Wednesday at 3,453 days, beating the bull market of the 1990s that ended in the dot-com collapse in 2000.

Trump has pointed to the stock market as a sign that the economic policies he's implemented are working.

But critics fear that his moves to impose tariffs and spark trade disputes with a number of countries could reverse those gains.

___

4 p.m.

The bull market in U.S. stocks has set a record for longevity.

The current bull run on Wall Street became the longest in history on Wednesday at 3,453 days, beating the bull market of the 1990s that ended in the dot-com collapse in 2000.

That's how long the benchmark S&P 500 index of major U.S. stocks has gone without a drop of 20 percent or more, the traditional definition of a bear market.

Despite its long duration, this bull market actually wasn't as big in terms of overall gains as the 1990s one.

The S&P 500 edged down 1 point to 2,861.

The Dow Jones Industrial Average fell 88 points, or 0.3 percent, to 25,733. The Nasdaq composite rose 29 points, or 0.4 percent, to 7,889.

___

11:45 a.m.

Stocks are wavering between small gains and losses as the U.S. market is poised to mark its longest bull run in history.

The S&P 500 is on track to record its longest bull market Wednesday, beating the bull market of the 1990s.

Retailers were in focus again and several of them were moving after reporting their latest quarterly results. Target rose 4.8 percent and Lowe's jumped 7.5 percent.

Hartford Financial Services fell 4.2 percent after announcing an acquisition.

The S&P 500 index rose 3 points, or 0.1 percent, to 2,866.

The Dow Jones Industrial Average edged down 16 points, or 0.1 percent, to 25,805. The Nasdaq composite rose 30 points, or 0.4 percent, to 7,889.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.83 percent.

___

9:35 a.m.

Stocks are off to a mixed start on Wall Street as the U.S. market is poised to reach its longest-ever bull run.

Retailers were in focus again early Wednesday and several of them were moving after reporting their latest quarterly results.

Target rose 4.5 percent and Lowe's jumped 8.1 percent after both released earnings that came in ahead of analysts' forecasts.

Hartford Financial Services fell 3.6 percent after announcing an acquisition.

The S&P 500 index fell 1 point to 2,861.

The Dow Jones Industrial Average edged up 8 points to 25,828. The Nasdaq composite rose 7 points, or 0.1 percent, to 7,866.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.82 percent.

Must Read

Asian stocks mostly higher after Wall Street decline

Aug 17, 2016

Asian stock markets were mostly higher Wednesday after Wall Street declined

Global stocks dip ahead of release of Fed minutes

Aug 17, 2016

Global stocks and the price of oil dipped Wednesday as investors awaited the release of the minutes to the Federal Reserve's latest meeting for hints on when the next interest rate increase might come

Asian stocks climb on signs US rate hike off table for now

Aug 18, 2016

Asian stocks rose Wednesday after Wall Street edged higher on news the U.S. Federal Reserve is in no hurry to raise interest rates

Search

Obserworld delivers the most accurate and up-to-date world news for the global audience with a thorough research and in-depth interviews. Discover the world through Obserworld.

Contact us: sales[at]obserworld.com