Friday, 28 April 2017

Nasdaq hits record high, S&P 500 could follow even as it “looks dangerous”

Markets mostly slipped on Thursday.

In the US, the S&P 500 fell less than 0.1 percent but the Nasdaq Composite rose 0.4 percent to a record high.

The STOXX Europe 600 fell 0.2 percent despite European Central Bank President Mario Draghi telling a news conference that “the euro area economy is becoming increasingly solid”.

Similarly, the Nikkei 225 fell 0.1 percent as the Bank of Japan raised it economic forecasts.

In the US, Patti Domm at CNBC wrote that “strong earnings momentum could drive the S&P 500 back to its all-time high in the very near future”.

Indeed, Nobel laureate Robert Shiller told CNBC that the stock market “could keep going up” even as he warned that it is overvalued and that it “looks dangerous”.

No comments:

Post a comment