MARY REICHARD, HOST: Today is Monday, August 27th. Thank you for turning to WORLD Radio to help start your day. Good morning. I’m Mary Reichard.
NICK EICHER, HOST: And I’m Nick Eicher.
Coming next on The World and Everything in It, the Monday Moneybeat.
AUDIO: [Sound of record-setting NYSE close]
EICHER: No, that’s not just the ordinary closing bell on the New York Stock Exchange. It’s the Wednesday close and it marked the longest bull run in Wall Street history: 3,453 days without a drop of 20 percent or more. That’s a bull market.
Jonathan Corpina, senior managing partner, Meridian Equity Partners.
CORPINA: All the winds are behind us. It’s pushing us higher. Economic data’s better. Earnings, corporate earnings have gotten better. Investor sentiment is better. And as of today, my feeling is that this market will continue to move higher.
EICHER: The dot-com boom and subsequent dot-com collapse characterized what’s now the second-longest bull market. It reigned in the 1990s.
Last week on Wall Street, the bull kept charging—and closed the week setting three new all-time record highs for the Standard and Poor’s 500, the Nasdaq, and the Russell 2000.
REICHARD: All the key market indexes finished the week in the plus column: The Dow Jones Industrial Average gained 133 points. That’s half-a-percent. The S&P 500 up six-tenths of a percent. The Russell 2000, that’s the smaller-company index, also added half-a-percent. And the Nasdaq finished almost a full percentage point higher.
All the indexes are up for the year.
EICHER: And that’s this week’s Monday Moneybeat.