Markets at all time highs...again

The Nasdaq and S&P set new records again today. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.

The S&P 500 and Nasdaq Composite rose to record highs on Wednesday as tech shares outperformed while investors continued to weigh the coronavirus’ impact on the global economy.

The broad index closed 0.5% higher at 3,386.15, breaking above a previous all-time high of 3,385.09, while the Nasdaq climbed nearly 0.9% to 9,817.18. Meanwhile, the Dow Jones Industrial Average was up 115.84 points, or 0.4% to close at 29,348.03.

Apple shares contributed to the gains, closing 1.5% higher. The Technology Select Sector SPDR ETF (XLK) — which tracks the S&P 500 tech sector — gained more than 1% to hit an all-time high. Tesla, meanwhile, jumped more than 6.5% after an analyst at Piper Sandler hiked his price target on the electric car maker to $928 per share from $729 per share.

China’s National Health Commission on Wednesday reported an additional 1,749 cases of the coronavirus nationwide. That’s the lowest number of newly confirmed cases since late January.

“Encouraging signs have continued to emerge over the past week that China’s coronavirus outbreak ... is contained,” said Yan Wang, emerging markets and China strategist at Alpine Macro. “China’s stringent quarantine requirements will likely soon be relaxed, and the government’s focus will shift quickly from containing the virus to supporting the economy.”



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[KacieLehman]

I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $120k in a savings account that I want to invest in a non-retirement account. Where would you invest this as of now?

[chrissalley]

Look. They know this doesn't make sense but are in denial. When this crash happens it will be blood in the streets

[nathanelhaser]

i feel like im watching this in black in white so much has changed in three months

[ThinkMoneyBenny]

Everyone in 2019: "In 2020 the stock market will crash."


Everyone in 2020: "In 2021 the stock market will crash."

[petertahoe]

Tim, respect for putting it out there the day before. 5:50

[jacknguyen]

It’s an election year! You think your Uncle Donny gonna let the market down? Love your Uncle Donny!

[Lynt]

It's the whole world investing through phone apps 😎

[pzak]

They were saying these same things when the dow hit 25000. Dow 30000 by april

[dadon]

Doesn't it always go up like cray cray before it dies?

[jorgegomez]

Repo Fed Repo Fed Repo Fed. Did they get it?

[bartdeking]

A, markets were way OVERSOLD after 2000
B, stock markets are not up.... MONEY is DEVALUEATING

[nicholasczech]

There going to devalue that dollar to near nothing if this continuation keeps going. Yes we all are getting rich on paper wink wink but that paper is still owned by the FED and your paper will be worthless. The real money is in metals Gold Silver Palladium Platinum and so on. I’m not saying short this market by any means but learn how to trade. With that said DJIA is going 50, 000+!

[Magoulan]

Inflation... That's the word you're looking for... Liquidity slushing arround

[duran]

1) Trump tweets.
2) The fed pumps more money & cuts rates.
3) Stocks at new highs.
4) repeats..

[Wirmish]

Boss of the White House:
· Trump 2016-2020: No crash
· Trump 2020-2024: No crash
· Dems _(one of these days):_ *Total Economic Destruction*

[osmarsantanafilho]

Well guys, bad numbers are coming. Whats wallmart’s numbers said is consumption is not as good as everyone has said. In fact, people are straight their belts. There will be a really huge decrease in global trade so markets will correct as soon as fresh bad numbers appears. No one wants to turn the lights off, write it ☺️

[marketrhythms]

All you need to know housing is doing good. A whole generation of millennials are starting the generational boom in housing. All people talking about pandemic are just out of touch as opposed to data savvy investors can do who track statistics in real time, which will tell you its not a pandemic based on the best information we have. There are secular technology themes like 5G, EVs, etc with supportive monetary policy why should markets be down?

[maximumvalues]

Looks like the FED is running machines to me. Who else wants to pay these prices?

[Kimpinske]

I do not Mr Bloombergs image on a stamp nor do i want him as President.

[georgemaximus]

So what else is new. The market always breaks to highs. As expected. Companies who doesn’t make money from their business can actually benefit from this by paying employees with stocks as long as it keeps going up like this, is that possible? There are many companies out there with negative earnings.