Advertisement
New Zealand markets open in 5 hours 29 minutes
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NZD/USD

    0.5941
    +0.0004 (+0.07%)
     
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • OIL

    82.52
    -0.29 (-0.35%)
     
  • GOLD

    2,336.10
    -2.30 (-0.10%)
     

Trump's Congrats to S&P 500 Comes at Awkward Time

Trump's Congrats to S&P 500 Comes at Awkward Time

U.S. stocks rose to a new record on Thursday, prompting President Donald Trump to mark the occasion with a tweet that, in part, said "Congratulations USA!" That's all well and good, but what investors really care about is relative performance, as in how one asset, security or market is performing or valued relative to others. In that sense, U.S. stocks are suddenly falling short. Although the S&P 500 Index has gained about 1.50 percent since Sept. 11, the MSCI All-Country World Index of equities excluding those from the U.S. has jumped 3.71 percent.