The S&P 500 and the Dow Jones Industrial Average closed up today, ending at 1,819.46 and 16,239.83, respectively, to notch record highs for each index. The S&P 500 rose 2.5% for the week, reversing the losses of the previous two weeks. Trading was buoyed by today’s release of the revised third quarter gross domestic product (GDP) figure, showing annualized growth of 4.1% in the United States. Additionally, yesterday’s announcement by the U.S. Federal Reserve of plans to taper their monthly bond-buying program by $10 billion, beginning in January, brought greater certainty to markets about the future.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
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Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: