
Dow closes above 38,000 for first time
CNN
Stocks gained on Monday, building on last week’s gangbusters rally, with the Dow crossing the 38,000 mark for the first time ever.
Stocks gained on Monday, building on last week’s gangbusters rally, with the Dow crossing the 38,000 mark for the first time ever. The Dow rose 138 points, or 0.4%, ending the day at 38,001.81. The S&P 500 gained 0.2% and the Nasdaq Composite added 0.3%. The S&P 500 also closed at an all-time high, reaching 4,850.43. Year-end price targets for the Dow range from from 34,000 to 45,000, according to Capex. The S&P 500 on Friday entered bull market territory, rallying more than 20% off its lows and hitting a new record. Elsewhere, Macy shares added 3.6% after the company over the weekend rejected a $5.8 billion bid from Arkhouse Management and partner Brigade Capital Management to take the company private.

A typical 401(k) plan only offers stock and bond funds that invest in publicly traded companies. But private companies — traditionally the domain of institutional and high-net-worth investors — have become a significant part of the overall investing market. Do they belong as an option in workplace retirement plans, given that they are often more expensive and less transparent than publicly traded securities?

President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell are so commonplace at this point that they barely register in financial markets these days. The rapidly intensifying multi-pronged efforts by Trump’s advisers to amplify and expand on Trump’s attacks are a good reason to rethink that indifference.