Sizzling Nasdaq climbs for 10th day in a row

It’s been a terrific 2017 for the Nasdaq — and it keeps getting better.

The Nasdaq notched its third record high in a row on Thursday. Even more impressive, the Nasdaq has now advanced 10 straight days. That’s the longest winning streak since February 2015.

The latest gain wasn’t huge — just 0.1% — but it leaves the Nasdaq up nearly 19% so far this year. That’s nearly twice as much as the S&P 500.

Tech stocks took a hit earlier this summer, but investors have since piled back on fast-growing Nasdaq stocks. The favorites continue to be the FANG stocks: Facebook, Apple, Netflix and Google owner Alphabet.

Wall Street’s string of records is the latest evidence that stock investors are mostly unfazed by President Trump’s political troubles.

Trump hit the six-month mark in office on Thursday, but he’s been unable so far to get his economic agenda of tax reform, infrastructure spending and deregulation through the Republican-controlled Congress. The latest setback came this week as the GOP’s efforts to repeal and replace Obamacare collapsed in the U.S. Senate.

And yet CNNMoney’s Fear & Greed Index of market sentiment flipped into “extreme greed” mode on Thursday.

Wall Street seems to be betting that even if Trump is unable to deliver his promise of “massive” tax cuts, the U.S. economy will manage to keep chugging along. Steady growth, combined with low interest rates and little inflation, could drive corporate profits — the real driver of stock prices — even higher.

“Politics make great headlines, but it’s the economy that makes for great bottom lines,” said Sam Stovall, chief investment strategist at CFRA Research.

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O.J. Simpson granted parole for early release

O.J. Simpson will be paroled after serving nine years in prison for a botched bid to retrieve sports memorabilia in Las Vegas.

A Nevada parole board decided Thursday that the 70-year-old former football, TV and movie star will be released in October after serving his minimum term for armed robbery and assault with a weapon.

Simpson responded emotionally, saying, “Thank you, thank you, thank you.”

Four parole commissioners in Carson City questioned Simpson by videoconference from the Lovelock Correctional Center in rural Nevada. He has been held there since he was convicted in 2008.

The conviction came 13 years to the day after he was acquitted of murder in 1995 in the deaths of his ex-wife and her friend in Los Angeles.

Looking trimmer than he has in recent years, Simpson walked briskly into the hearing room dressed in jeans, a light-blue prison-issue shirt and sneakers. He laughed at one point as the parole board chairwoman mistakenly gave his age as 90.

Simpson, 70, said he never pointed a gun at anyone nor made any threats during the crime that put him in prison, and he forcefully insisted that nearly all the memorabilia he saw in two dealers’ hotel room belonged to him.

“In no way, shape or form did I wish them any harm,” he added, saying he later made amends with those in the room.

He said he has spent his time in prison mentoring fellow inmates, often keeping others out of trouble, and believes he has become a better person during his time behind bars. He said he took an alternative-to-violence course in prison.

‘I’ve done my time,” he said. “I’ve done it as well and respectfully as I think anybody can.”

A vote in his favor enables Simpson to get out as early as Oct. 1. By then, he will have served the minimum of his nine-to-33-year armed-robbery sentence.

The Hall of Fame athlete’s chances of winning release were considered good, given similar cases and Simpson’s model behavior behind bars.

His defenders have argued, too, that his sentence was out of proportion to the crime and that he was being punished for the two murders he was acquitted of during his 1995 “Trial of the Century” in Los Angeles, the stabbings of ex-wife Nicole Brown Simpson and her friend Ronald Goldman.

Reflecting America’s enduring fascination with Simpson, several major TV networks and cable channels – including ABC, NBC, CNN, Fox, MSNBC and ESPN – carried the proceedings live, just as some of them did two decades ago during the Ford Bronco chase that ended in Simpson’s arrest, and again when the jury in the murder case came back with its verdict.

Simpson said most of the objects taken in the hotel heist were personal property, including letters from celebrities, family photos, certificates of accomplishment and more. Items that were not his, including autographed baseballs, were taken by others in the rush to get out of the room, he said.

He added he realizes he made a terrible mistake bringing along two people with guns, adding if he had gone to the room by himself he could have resolved the matter without a problem.

Simpson said if released he plans to return to Florida, where he was living before his incarceration.

“I could easily stay in Nevada, but I don’t think you guys want me here,” he joked at one point.

“No comment, sir,” one of the parole board members said.

Inmate No. 1027820 made his plea for freedom in a stark hearing room at the Lovelock Correctional Center in rural Nevada as four parole commissioners in Carson City, a two-hour drive away, questioned him via video. 

An electrifying running back dubbed “The Juice,” Simpson won the Heisman Trophy as the nation’s best college football player in 1968 and went on to become one of the NFL’s all-time greats.

The handsome and charismatic athlete was also a “Monday Night Football” commentator, sprinted through airports in Hertz rental-car commercials and built a Hollywood career with roles in the “Naked Gun” comedies and other movies.

All of that came crashing down with his arrest in the 1994 slayings and his trial, a gavel-to-gavel live-TV sensation that transfixed viewers with its testimony about the bloody glove that didn’t fit and stirred furious debate over racist police, celebrity justice and cameras in the courtroom.

Last year, the case proved to be compelling TV all over again with the ESPN documentary “O.J.: Made in America” and the award-winning FX miniseries “The People v. O.J. Simpson: American Crime Story.”

In 1997, Simpson was found liable in civil court for the two killings and ordered to pay $33.5 million to survivors, including his children and the Goldman family.

Then a decade later, he and five accomplices – two with guns – stormed a hotel room and seized photos, plaques and signed balls, some of which never belonged to Simpson, from two sports memorabilia dealers.

Simpson was convicted in 2008, and the long prison sentence brought a measure of satisfaction to some of those who thought he got away with murder.

One of the dealers robbed, Bruce Fromong, planned to attend the parole hearing, saying he and Simpson had made amends and that he intended to speak in favor of release.

A Goldman family spokesman said Goldman’s father and sister, Fred and Kim, would not be part of the hearing and feel apprehensive about “how this will change their lives again should Simpson be released.”

The now-retired district attorney who prosecuted Simpson for the heist, David Roger, has denied Simpson’s sentence was “payback” for his murder acquittal. He has also said that if Simpson behaved in prison, he should get parole.

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O.J. Simpson granted parole for early release

O.J. Simpson will be paroled after serving nine years in prison for a botched bid to retrieve sports memorabilia in Las Vegas.

A Nevada parole board decided Thursday that the 70-year-old former football, TV and movie star will be released in October after serving his minimum term for armed robbery and assault with a weapon.

Simpson responded emotionally, saying, “Thank you, thank you, thank you.”

Four parole commissioners in Carson City questioned Simpson by videoconference from the Lovelock Correctional Center in rural Nevada. He has been held there since he was convicted in 2008.

The conviction came 13 years to the day after he was acquitted of murder in 1995 in the deaths of his ex-wife and her friend in Los Angeles.

Looking trimmer than he has in recent years, Simpson walked briskly into the hearing room dressed in jeans, a light-blue prison-issue shirt and sneakers. He laughed at one point as the parole board chairwoman mistakenly gave his age as 90.

Simpson, 70, said he never pointed a gun at anyone nor made any threats during the crime that put him in prison, and he forcefully insisted that nearly all the memorabilia he saw in two dealers’ hotel room belonged to him.

“In no way, shape or form did I wish them any harm,” he added, saying he later made amends with those in the room.

He said he has spent his time in prison mentoring fellow inmates, often keeping others out of trouble, and believes he has become a better person during his time behind bars. He said he took an alternative-to-violence course in prison.

‘I’ve done my time,” he said. “I’ve done it as well and respectfully as I think anybody can.”

A vote in his favor enables Simpson to get out as early as Oct. 1. By then, he will have served the minimum of his nine-to-33-year armed-robbery sentence.

The Hall of Fame athlete’s chances of winning release were considered good, given similar cases and Simpson’s model behavior behind bars.

His defenders have argued, too, that his sentence was out of proportion to the crime and that he was being punished for the two murders he was acquitted of during his 1995 “Trial of the Century” in Los Angeles, the stabbings of ex-wife Nicole Brown Simpson and her friend Ronald Goldman.

Reflecting America’s enduring fascination with Simpson, several major TV networks and cable channels – including ABC, NBC, CNN, Fox, MSNBC and ESPN – carried the proceedings live, just as some of them did two decades ago during the Ford Bronco chase that ended in Simpson’s arrest, and again when the jury in the murder case came back with its verdict.

Simpson said most of the objects taken in the hotel heist were personal property, including letters from celebrities, family photos, certificates of accomplishment and more. Items that were not his, including autographed baseballs, were taken by others in the rush to get out of the room, he said.

He added he realizes he made a terrible mistake bringing along two people with guns, adding if he had gone to the room by himself he could have resolved the matter without a problem.

Simpson said if released he plans to return to Florida, where he was living before his incarceration.

“I could easily stay in Nevada, but I don’t think you guys want me here,” he joked at one point.

“No comment, sir,” one of the parole board members said.

Inmate No. 1027820 made his plea for freedom in a stark hearing room at the Lovelock Correctional Center in rural Nevada as four parole commissioners in Carson City, a two-hour drive away, questioned him via video. 

An electrifying running back dubbed “The Juice,” Simpson won the Heisman Trophy as the nation’s best college football player in 1968 and went on to become one of the NFL’s all-time greats.

The handsome and charismatic athlete was also a “Monday Night Football” commentator, sprinted through airports in Hertz rental-car commercials and built a Hollywood career with roles in the “Naked Gun” comedies and other movies.

All of that came crashing down with his arrest in the 1994 slayings and his trial, a gavel-to-gavel live-TV sensation that transfixed viewers with its testimony about the bloody glove that didn’t fit and stirred furious debate over racist police, celebrity justice and cameras in the courtroom.

Last year, the case proved to be compelling TV all over again with the ESPN documentary “O.J.: Made in America” and the award-winning FX miniseries “The People v. O.J. Simpson: American Crime Story.”

In 1997, Simpson was found liable in civil court for the two killings and ordered to pay $33.5 million to survivors, including his children and the Goldman family.

Then a decade later, he and five accomplices – two with guns – stormed a hotel room and seized photos, plaques and signed balls, some of which never belonged to Simpson, from two sports memorabilia dealers.

Simpson was convicted in 2008, and the long prison sentence brought a measure of satisfaction to some of those who thought he got away with murder.

One of the dealers robbed, Bruce Fromong, planned to attend the parole hearing, saying he and Simpson had made amends and that he intended to speak in favor of release.

A Goldman family spokesman said Goldman’s father and sister, Fred and Kim, would not be part of the hearing and feel apprehensive about “how this will change their lives again should Simpson be released.”

The now-retired district attorney who prosecuted Simpson for the heist, David Roger, has denied Simpson’s sentence was “payback” for his murder acquittal. He has also said that if Simpson behaved in prison, he should get parole.

Follow this story