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STOCKS HIT A RECORD HIGH: Here’s what you need to know


traderREUTERS/Sue
Ogrocki

US bonds climbed to a new record as appetite bonds led the way
higher.

The SP 500 increasing 0.7%, while the Dow Jones Industrial
Average peaked 0.8% and the some-more tech-heavy Nasdaq 100 rose
0.81%.

First up, the scoreboard:

  • Dow: 25,574.73, +205.60, (+0.81%)
  • SP 500: 2,767.56, +19.33, (+0.70%)
  • Nasdaq: 7,211.78, +58.21, (+0.81%)
  • US 10-year yield: 2.53%, -0.02
  • WTI wanton oil: $63.57, +$0.00, +0.00%

1. A
batch trade that dejected the marketplace last year could come crashing
back to earth. The supposed expansion trade may remove belligerent to
its rival, the value trade, according to Bank of America Merrill
Lynch.

2. Ripple’s
XRP is bursting after announcing a partnership with MoneyGram to
speed up transfers. As partial of the collaboration, MoneyGram
is approaching to test the XRP cryptocurrency to urge transfer
allotment times and costs.

3. Goldman
Sachs identifies 13 bonds that will see increase raze higher
in 2018. It’s partial of the firm’s ranking of bonds in the
SP 500 that are approaching to see the biggest gain growth
this year.

4. Walmart
is abruptly shutting 63 Sam’s Club stores and laying off thousands
of workers. Sam’s Club has not pronounced how many employees
are losing their jobs. Each of the company’s warehouses employs
about 175 people, definition some-more than 11,000 people could be
impacted. 

5. David
Rosenberg says the excesses in markets are most unlike
anything we’ve ever seen. The arch economist at Gluskin
Sheff provides the instance of how US mercantile expansion is now more
contingent than ever on item inflation.

ADDITIONALLY:

An barbarous poser merchant refuses to give up on a gamble that the
batch marketplace will go nuts

Billionaire financier Steve Cohen is about to make his return to
the sidestep fund attention — and he’s already amassed a substantial
fight chest

China says reports that it will stop shopping US Treasury debt is
‘fake news’

White House praises Walmart for lifting salary due to the tax
bill, despite the company laying off thousands of workers on the
same day

Morgan Stanley just announced its 2018 handling director
promotions

BARCLAYS: Google hunt information has a ‘very high correlation’ with
Netflix’s US subscriber growth

GE has lots of good things going on — but it’s not adequate to
turnaround the company just yet

Landlords offer record freebies to New York City apartment
hunters in ‘challenging year’

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