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Local News

Tuesday's Stock Market Sets Another Record


The Dow Jones Industrial Average closed at a record high of 15-thousand 409 on Tuesday, gaining more than 100 points.

 

Financial Advisor Troy Reinarht with Northwest Quadrant Wealth Management, says economic indicators are moving in the right direction.

 

"We always need to remember the stock market is a forward looking instrument.  The economy is getting better, maybe not as fast as some would like, but it is getting better. Home prices are up, consumer confidence is up, employment numbers are up.  And as we go forward, Wall Street expects profits to be higher and that's the mother's milk of the stock market."

 

Reinart also warns the stock market is due for a correction of 5 to 15 percent -- since for the last twenty Tuesdays, we've had gains.


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