Dow Closes Above 29K for First Time Since Feb. as Utilities Power Rally
Investing.com -By Yasin EbrahimInvesting.com – The Dow rallied Wednesday to close above 29,000 for the first time in more than six months amid runaway gains in utilities as investors weighed signs of slack in the labor market.The Dow Jones Industrial Average rose 1.59%, or 453 points to 29,099, its highest level since Feb. 20, the S&P; 500 and Nasdaq Composite rose 1.56% and 0.98% respectively to close at record highs.Defensive corners of the market were in favor, with utilities leading to the upside thanks to a jump in Exelon (NASDAQ:EXC) and PPL (NYSE:PPL).Consumer staples also participated ...
There Are Fewer Registered Republicans Than Independents Nationwide For First Time
For the first time in American history, there are fewer registered Republicans than there are independents nationwide.Data from Ballot Access News, which tracks registrations in the 31 states that require party registration, shows that about 29.09 percent of voters are Independents while 28.87 percent are Republicans. Democrats make up about 39.66 percent of registered voters in those states.According to Ballot Access News, this would be the first time since the party system began in the early 1900s that the number of registered Independents was more than either of the major political parties....