STOCK MARKET WATCH: Friday, 2 February 2024

[Tansy_Gold]

STOCK MARKET WATCH: Friday, 2 February 2024

Previous SMW:
SMW for 1 February 2024



AT THE CLOSING BELL ON 1 February 2024


Dow Jones 38,519.84 +369.54 (0.97%)
S&P 500 4,906.19 +60.54 (1.25%)
Nasdaq 15,361.64 +197.63 (1.30%)

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Currencies:






(Awaiting new links)


Gold & Silver:

(Awaiting new links)


Petroleum:

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Quote for the Day:

If only history books could chuckle. The middle class has often been pulled into the "money class," but frequently to be relieved of some of its savings. All of the great speculative evanescences – seventeenth-century tulip mania, the South Sea and Mississippi bubbles, the British and American railway manias of the nineteenth century, the 1920s and the conjoined 1980s and 1990s – achieved that dubious distinction by reaching far below the top 1 percent of the population, the usual owner of 50 to 70 percent of national financial assets, and luring investment from the next 5, 10, or 20 percent.

Kevin Phillips. Wealth and Democracy: A Political History of the American Rich. Broadway Books/Random House. © 2002.

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. The big secret is there's nothing left

The Fed cannot lower interest rates. Why would they lower rates in an economy that is growing well, with rising productivity, with energy from all sources, with low unemployment? You do not stimulate a sizzling economy. Dogma. This is as good as it gets. So the next move will be down. May not come for years but it will come. My guess is probably from resource constraints - inflation.