JPMorgan Billionaire Dimon Cheers Upcoming ‘Boom’—And S&P, Dow Back Near Record Highs

SourceForbes
SectorFinancial Markets
CountryMiddle east

Share to Linkedin With experts eyeing an impending economic "boom," stocks are trudging back toward record highs Wednesday as long-struggling cruise stocks head up the market's gains while technology firms continue to cool off—another sign the market's recent reversal could continue as earnings season revs up next week. Jamie Dimon, Chairman and CEO, of JPMorgan Chase, in April 2019. Shortly after the market open, the Dow Jones Industrial Average and the S&P 500, which both closed at record highs Monday, climbed about 0. 3% and 0.

1%, respectively, while the tech-heavy Nasdaq fell about 0. 3%. Big tech firms, which have largely underperformed this year amid rising Treasury yields, continue to lag Wednesday: Tesla, Microsoft and Apple are all falling as much as 0. 6%. Outperforming the market, shares of the nation's three largest cruise operators are soaring as the firms gear up for a long-awaited return to cruising, with Norwegian Cruise Line, Carnival and Royal Caribbean Cruises up 4%,...read more...