Stocks were stuck at a record high as investors awaited more trade and economic news.
 | TUE, JUL 02, 2019 | | | | DOW | | NAME | LAST | CHG | %CHG | | CSCO | 55.81 | +1.07 | +1.95% | | AAPL | 202.73 | +1.18 | +0.59% | | INTC | 48.12 | +0.07 | +0.15% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AMD | 31.24 | +0.04 | +0.13% | | MU | 39.60 | -0.51 | -1.27% | | BAC | 29.14 | -0.28 | -0.95% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AMD | 31.24 | +0.04 | +0.13% | | MU | 39.60 | -0.51 | -1.27% | | SIRI | 5.83 | +0.12 | +2.10% | |
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July marks the 121st month of this economic expansion, making it the longest in history. Born out of the dark days of the financial crisis and helped along by unprecedented government stimulus, this recovery is now rewriting the history books, Yun Li writes. There are signs emerging, however, that this expansion could be hitting some serious headwinds.
Jeff Cox reports on a new study from an economist at the St. Louis Federal Reserve which shows that the decline in home sales this year is consistent with a pattern seen before the 1990, 2001 and 2007 recessions.
The St. Louis Fed is led by James Bullard who, as Cox notes, has been one of the most vocal proponents of a Fed rate cut. Perhaps Bullard and his economist are picking up on subtle leading indicators that investors bidding stocks to record highs should also examine. |
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