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Today's Commentary
Sunday, December 11, 2016

The Dow Jones Industrial Average (DJIA) shrugged off a slow start to settle up nearly 298 points, notching a record high once again. The S&P 500 Index (SPX) followed suit with an all-time high of its own, as stocks rallied ahead of tomorrow's European Central Bank (ECB) meeting, with next week's Federal Reserve meeting also in focus. Even the Nasdaq Composite (COMP) stormed higher -- despite heavy losses among biotechs, which sold off after President-elect Donald Trump was quoted as saying he was "going to bring down drug prices" -- and crude futures breached the critical $50 level. Still, the Dow ended higher for a third straight day, while the SPX and COMP stretched their daily win streaks to four   

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