The Undaunted: Dow Gains 150 Points as S&P 500 Eyes All-Time High
May 25, 2016 at 17:34 PM EDT
Stocks continued to soar today as investor fears of a Fed rate hike appeared to recede. The S&P 500 rose 0.7% to 2,090.54, while the Dow Jones Industrial Average gained 145.46 points, or 0.8%, to 17,851.51. The Nasdaq Composite advanced 0.7% to 4894.89. The S&P 500 has gained 2.1% during the past two days, its largest two-day gain since March, and is now just 1.9% away from its record close of 2,130.82 hit on May 21. Are investors too complacent? A quick look at the so-called yield curve suggests they might be. Strategas Research Partners' Thomas Tzitzouris explains why:
