Stocks Break Out To New Record Highs

Profit from the Pros Stocks Break Out To New Record Highs Stocks soared yesterday with all of the major indexes in the green. The Russell 2000 Small-Cap Index led the way with a 1.01% gain, while the Dow and the S&P both broke out to new all-time highs. As mentioned previously, the markets continue to take the tariff issues with China in stride. And this is largely because analysts are not expecting the tariffs to have much of an impact on our earnings or our GDP. That's not to say the tariffs won't sting a little. But at the moment, it looks like China is feeling the pinch more than the U.S. Fortunately, the U.S. economy has been on fire with the stock market at record highs, while at the same time China's economy is slowing down and their stock market has entered bear territory. No doubt that factored into their announcement yesterday that they plan to cut import tariffs from most of their trading partners to open their economy and make goods cheaper for consumers. It was not clear how this would affect U.S. goods. But the market seemed to like what it heard so far. In other news, yesterday's Weekly Jobless Claims came in better than expected, falling -3,000 to 201,000 vs. views for 210,000. The 4-week moving average was also down from 208K to 205.75K. The report cited that 'both of these readings are at new 50-year lows.' And the Philadelphia Fed Business Outlook Survey surged to 22.9 from last month's 11.9 and estimates for 19.6. New orders and shipments were the highlights once again. But it was noted that prices actually moderated last month, suggesting that capacity and tariff issues are not creating significant dislocations. All great news for the economy and the market. And stocks look poised for another up week and a new all-time high weekly close! Best, Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [Something terrible is about to happen in America...]( No, it has nothing to do with the upcoming election... or gun violence... or terrorism... or any of the nonsense flooding your TV and social media feeds. It's the truth about America the mainstream media is desperately trying to hide from you! Which is why I put together this special presentation to expose one of the single biggest lies you're being told... [Click here now to find out what it is.]( And if you happen to be in one of these danger zones... I'll show you what you can do to protect yourself and your loved ones from harm. Please don't wait to watch this video! [All you need to do is click here now for the full details.]( Most Popular Articles from Zacks.com [4 Best Efficient Stocks to Boost Your Portfolio]( We select four popular ratios to find efficient companies which have the potential to provide impressive returns. [Read More »]( [Housing Starts Hit 3-Month High: 5 Top-Ranked Picks]( A robust job market, wage gains and tax cuts are helping to boost demand for housing. [Read More »]( [Why Software ETFs are Soaring]( Software companies are growing fast as they benefit from rising global corporate spending on software solutions. [Read More »]( [3 Top Stocks From the Booming US Medical Products Industry]( The industry is currently riding high on R&D innovation, thanks to the 2.3% Medical Device tax abolition earlier this year. [Read More »]( [4 Keys to the Bull Charging Ahead]( A old bull market is not a dead bull market. [Read More »]( Sponsor [Have You Heard About Zacks' Research Breakthrough?]( Our TAZR formula (Technical Analysis + Zacks Rank) has become something of a phenomenon, quietly adding even more thrust to a stock-picking system that already more than doubles the market and averages nearly +26% per year. Not only did the formula beat 2017's rampaging bull market, but over the past year it has closed timely gains of +81.5%, +57.4%, +52.1%, and +35.9%. Want to see the latest stocks it's turning up? Special opportunity ends midnight Sunday, September 23. [See These Super-Charged Stocks Now >>]( [Bull of the Day: Salesforce (CRM)]( This cloud-based customer relationship management firm keeps on expanding. [Read More »]( [New Zacks Strong Buys for September 21st]( Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today. [Read More »]( [Customize Your Profit from the Pros Delivery]( Connect with Us: [Facebook]( [Twitter]( [StockTwits]( Contact Info: Phone: 1.800.767.3771 ext. 9339 Email: [support@zacks.com](emailto:support@zacks.com) [Get it on Google Play]( [Get it on Google Play]( [Terms]( | [Privacy]( | [Unsubscribe](