
The S&P 500 is on track to hit its seventh straight record high
CNN
It's lucky sevens for investors: The blue-chip S&P 500 index is on track to end at a record high for the seventh straight day following the strong jobs report.
The last time the S&P 500 had this long a streak of all-time high closes was in June 1997, when the index surged to eight straight records, according to S&P Dow Jones Indices senior index analyst Howard Silverblatt. Stocks have enjoyed a superb first half of 2021, as investors are excited about the reopening of the economy thanks to Covid-19 vaccines. Corporate profits are booming as a result.
An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday. That’s the fastest growth rate in two years.

Paramount has upped the ante in its hostile takeover bid for Warner Bros. Discovery, announcing Monday that Larry Ellison will personally guarantee the tens of billions of dollars he is putting up to bankroll the transaction. The Ellisons will also let shareholders peer into the finances of their family trust.











