Hey there, readers! Today is a momentous day in the world of stocks and investing. The S&P 500 has reached an all-time high, closing above 5000 for the first time! 🎉
Let's take a trip down memory lane. Back in August 1976, the S&P 500 was valued at a mere 102.91. Can you believe it? Fast forward to today, and the index has skyrocketed to an incredible 5026.61. If you had invested in the first S&P 500 index fund all those years ago, you would be celebrating your financial success right now. 💰
But that's not all. The tech-heavy Nasdaq also experienced gains, rising 1.25%. However, the Dow Jones Industrial Average faced some challenges, slipping 55 points, or 0.14%. Nonetheless, one company stood out among the rest - Microsoft. With a market capitalization of $3.12 trillion, it has surpassed Apple's previous record and claimed the title of the company with the largest-ever stock market capitalization. 🏆
So, what else was happening in the world of finance? Here are a few highlights:
- Crude oil, Bitcoin USD, and gold continuous contract data refreshed with every email open.
- J.P. Morgan Wealth Management shares insights on investing after the rate reset. Check out their 2024 Outlook for personalized investment possibilities.
- Dividend investing, an old and simple stock picking strategy, might be making a comeback. Find out how you can dust it off and make it work for you.
- The Wall Street Journal's Evan Gershkovich is currently being wrongfully detained in Russia. Stay updated on his situation and learn how you can show your support.
- Some luxury brands have priced themselves out of reach for their usual customers. Discover how this could impact the industry.
That's not all, folks! We've got more news for you:
- Pinterest breathes a sigh of relief as it outperforms Snap.
- Affirm proves that higher rates won't overwhelm its earnings, reassuring investors.
- Subscribe to the WSJ and enjoy more quality journalism with a special offer.
Looking ahead, keep an eye out for the Labor Department's January inflation report and the Commerce Department's January retail sales report next week. Plus, several companies, including Biogen, Coca-Cola, Kraft-Heinz, Cisco, and Deere & Co., will be releasing their earnings results. Exciting times ahead! 📅
Before we wrap up, let's give a shoutout to Justin Lahart from the Heard. He predicted that growing profits and potential rate cuts from the Federal Reserve would have a powerful effect on the stock market. And he was right! Earnings per share for S&P 500 companies are up 9%, surpassing analysts' expectations. The stock market is thriving, and we're all reaping the benefits. 📈
That's it for today, folks! Stay tuned for more exciting updates from the world of finance. Happy investing! 💼
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