The DOW Industrials index has set records for the past three straight days. With morning newscasts already discussing the disappointing numbers for the construction sector and an already deflated housing market, it may be the offset to prevent a fourth day of DOW record highs.
Most analysts would consider a forth day record to be an anomoly, especially since the oil prices are at a yearly low and not a multi-year level floor. While the change of the majourity in the House and the caucus majourity in the Senate, this may have investors especially upbeat. The rest of the day will be about both the Democractic and Republican parties choosing their representative leadership voices.
At the time of this article, the market has made up for some of the 26-point loss it had earlier in the day by at least 18 points. All other market indices are down, which is a pretty solid indicator that it will take a very strong recovery to set a forth day of record highs for the Industrial's index. While not aware of any financial news or segment reports that are due in, it is possible that various trading aspects could come into play.
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