You are here

WALL STREET INSIGHT

Tech earnings, jobs data to fan flames of 'melt-up' rally

Main risk is the possibility of knock-on effects from foreign-exchange and bond markets

BT_20180129_RCCOL_3284236.jpg
The Dow Jones industrial Average has risen by more than 7 per cent for the year to date, one of the largest gains on record for the month.

US stocks ended last week at new record highs as the so-called "melt-up" continued.

The explosive rally looks set to continue in the short-term with earnings from tech giants such as Apple, Facebook and Microsoft and a relatively strong jobs report fanning the flames.

Higher

sentifi.com

Market voices on:

Powered by GET.comGetCom