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Barchart
Barchart
Rich Asplund

Stock Indexes Slightly Higher as They Consolidate Below Record Highs

Dow Jones Donald Trump United States Citigroup ECB SP 500

The S&P 500 Index ($SPX) (SPY) today is up +0.09%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.23%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.02%.

Stocks today are slightly higher, consolidating the past week’s rally to record highs.  Higher bond yields today sparked some profit-taking and long liquidation pressures in stocks after following five straight sessions of gains.  Stocks have rallied sharply over the past week, with the S&P 500, Dow Jones Industrials, and the Nasdaq 100 posting new record highs on speculation President-elect Trump will boost corporate profits through tax cuts and reduced regulation.  

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