Business
Dow Hits Record Close for 10th Consecutive Session: Today's Research Reports on NVIDIA and Sturm Ruger & Company
NEW YORK, NY / ACCESSWIRE / February 24, 2017 / The Dow Jones Industrial continued its strea...
About this update from Rio Grande Resources Ltd
[{"type":"text","content":"Dow Hits Record Close for 10th Consecutive Session: Today's Research Reports on NVIDIA and Sturm Ruger & CompanyNEW YORK, NY / ACCESSWIRE / February 24, 2017 / The Dow Jones Industrial continued its streak with its 10th consecutive record close on Thursday. This has been the first time the Dow has gained for 10 straight sessions since March 2013. The Dow gained 0.17 percent to close at 20,810.32, up 5.3 percent year-to-date. The Nasdaq fell 0.43 percent to close at 5,835.51, up 8.4 percent year-to-date. The tech focused Index has closed at new highs 19 times in 2017, which is the most since 1999, according to the WSJ Market Data Group. The Post-Election rally has yet to stall as President Trump has promised a more tax friendly environment for businesses, which the market is eagerly awaiting more details on.\nRegister today for a\nfree membership and gain access to daily research reports at: RDInvesting.com\n\"Nobody expects [Trump] to get his entire program enacted, but his economic efforts will be viewed as a success if even half is put in place and growth increases 1% with only modest inflation and a minor increase in the budget deficit,\" said Byron Wien, vice chairman of Blackstone's multi-asset investment group. \"That's what the stock market is telling us is going to happen, and let's hope the stock market is right.\"\n\"Our general view for a while has been that valuations are just high, but that doesn't mean the market has to go down immediately, it just means that longer-term returns may not be as robust,\" said Paul Nolte, portfolio manager at Kingsview Asset Management. \"In the short run we can continue our methodical grind higher, as we've been doing since the election, but the longer-term picture is looking a bit rougher.\"\nLet's Take a\nCloser Look at Today's Trending Tickers\nNvidia's shares dropped 9.27 percent to close at $100.49 a share on Thursday. The stock traded between $99.68 and $106.39 on volume of 39.82 million shares traded. Shares of the company fell sharply after it received downgrades from two separate analysts. BMO Capital analyst Ambrish Srivastava lowered the company's rating to \"underperform\" from \"market perform\", the first change in at least 2 ½ years, and lowered Nvidia's price target to $85 from $100. Instinet analyst Romit Shah has also downgraded Nvida's rating to \"reduce\" fro...