Dow, S&P 500 hit records in quiet session

[steve2470]

Source: Reuters

(Reuters) - U.S. stocks were little changed on Monday following a sharp rally on Friday, but both the S&P 500 and the Dow inched up to intraday records, while strength in semiconductors boosted the Nasdaq.

Equities have been strong of late, with the Dow last week posting its biggest weekly gain since January 2013 and the S&P coming off its biggest two-week jump since December 2011. The gains have largely come on the back of strong quarterly results, which have eased concerns over how corporations are faring in an uncertain global growth environment.

"The bull market may be old and wrinkly, but it is still alive and there's nowhere else for investors to really go besides U.S. equities," said Paul Schatz, president and chief investment officer at Heritage Capital in Woodbridge, Connecticut.

While the market's momentum is to the upside, near-term trading may be quieter as earnings season draws to a close. With results in from 73 percent of companies, 75.4 percent reported earnings above analysts' expectations, according to Thomson Reuters data, above the long-term average of 63 percent.

Read more: http://www.reuters.com/article/2014/11/03/us-markets-stocks-idUSKBN0IN0W720141103

[brooklynite]

1. My Apple stock has appreciated 40%.....since January.

Since I bought it, it's up 16,769% by my calculation.

[Jackpine Radical]

2. Will they crash

when the Dems win tomorrow?

[steve2470]

3. yes, good question indeed nt

[IronLionZion]

4. I hope the Dems win tomorrow

and that will be a great buying opportunity because I posted an article here proving the Dems have been much better for the stock market and jobs over the last 100 years. It's not even close. GOP economic policy seriously sucks.

[Jackpine Radical]

5. And, historically, abortion rates drop during Democratic administrations.

Therefore, the Right-To-Lifers oughtta consistently vote Democratic.

[Nye Bevan]

6. If anything, I would expect a Democratic Senate to have a positive impact on the market.

One thing the markets greatly fear is deranged Tea Party-supported ideas such as refusing to increase the debt ceiling and deliberately defaulting on the national debt. A Democratic Senate makes such nonsensical ideas a bit less likely to happen.