Dow Hits 26,000 As U.S. Stocks Gain $7.8 Trillion Since 2016
Candy Matheson | Jan 17, 2018 12:02AM ET
TODAY'S NEW ALL-TIME HIGHS:
- the Dow 30 Index spiked above 26,000 briefly on Tuesday, as shown on the following monthly chart
- the S&P 500 Index spiked briefly above 2800, as shown on the following monthly chart
- the NASDAQ Composite Index spiked briefly above 7300, as shown on the following monthly chart
- ...amid reports that measurements of the Wilshire 5000 Index indicate that U.S. stocks gained roughly $7.8 Trillion in value since the November 8, 2016 Presidential election, as shown on the daily chart below.
As I mentioned in my post in earlyJanuary regarding the Dow, major support sits at 25,125 and major resistance lies at 26,702 (two external Fibonacci retracement levels)...anything can happen in between in the coming weeks.
As an aside, the President is in "excellent health," as reported in a lengthy and detailed White House press briefing Tuesday by his physician, following a complete physical exam last week by Dr. Jackson and a team of 12 specialists, which should reassure markets...if anyone was previously concerned.
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