The US markets ended higher on Monday, lifting the Dow Jones Industrial Average and the S&P 500 to new record highs. Investors remained optimistic that Donald Trump's policies such as tax reductions and deregulation will help boost corporate earnings. Tesla climbed about 9 percent. Tesla's stock market value surged to $1.1 trillion, fueled by bets the automaker will benefit from CEO Elon Musk's close ties to Trump. Several other stocks also added to gains they have made since Trump won the election, as traders expect them to benefit from his return to the White House. PayPal rallied 4.7 percent. Starbucks closed up 3.2 percent and Airbnb gained 2.7 percent.
American Express, Goldman Sachs, United Health, JPMorgan Chase, Walt Disney, Alphabet, Home Depot, Mastercard, Cisco, Visa, Bank of America, Netflix and Nike gained 1 to 2.5 percent. However, Apple Inc., Analog Devices, Micron Technoloy and Intel closed weak. Moderna dropped about 7 percent. Merck, Boeing, Nvidia, Amazon, Nvidia and Microsoft also ended notably lower. Meanwhile, the volume of business was somewhat thin in the absence of economic data, and due to a lack of significant triggers. Over the next few days, reports on consumer and producer price inflation are likely to attract attention along with reports on retail sales and industrial production this week.
Dow Jones Industrial Average rose 304.14 points or 0.69 percent to 44,293.13, Nasdaq gained 11.99 points or 0.06 percent to 19,298.76 and S&P 500 was up by 5.81 points or 0.1 percent to 6,001.35.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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