Dow Jones: Research Note and Politics Hope

dow jones: Stock valuations remain elevated though, with the S&P 500 index SPX, -0.03% the Dow Jones Industrial Average DJIA, -0.05% and the Nasdaq Composite Index COMP, -0.01% boasting gains for June of at least 5%, according to Fact Set data, according to Market Watch. The trio of stock indexes also are substantially higher in the year to date. Read Why the path for stocks and other markets now depend critically on politics' Hope around upcoming events later this month G-20 meeting, Federal Open Market Committee gathering may support markets in the very near term, but we think this peace is fragile as long as the three problems' remain, Morgan Stanley analyst Andrew Sheets wrote in a recent research note. Despite a volatile stretch last month, the S&P 500 is just about 45 points from its all-time high seen on April 30, even as stocks headed lower earlier last week when Trump took the unusual tactic of threatening higher tariffs on Mexican imports if it doesn't help fix illegal immigration from Mexico into the U.S. Deutsche Bank analyst Parag Thatte says the U.S. stock market appears not just oblivious to the risks that all other asset classes are worried about, but is interpreting bad news on the economic front as good news. However, equity gauges jumped on the prospect that the data may convince the U.S. central bank to at least consider reducing benchmark interest rates, if not stay on hold for longer, in the coming months. A good example of that was Friday's woeful jobs report, which saw employment growth in May create a meager 75,000 increase in new jobs, far lower than the 175,000 economists had estimated. (news.financializer.com). As reported in the news.