Wall Street's Record Day "Doesn't Mean A Whole Lot"

LOUISVILLE, Ky. -- Wall Street's record day won't have a big impact on your portfolio.

With the Dow Jones Industrial Average cracking 20,000 for the first time, Hilliard Lyons Director of Research John Roberts says its good news but not really a big deal for the common investor. Roberts says people tend to put more money in the markets when they hit their highs but cautions against buying now. He says the record mark can't be entirely attributed to Donald Trump taking office, saying the markets are up because "things are better" while admitting there is typically a euphoria around new administrations.

 Roberts says technology stocks are doing better while the pharmaceutical sector is lagging.

(Photo by Spencer Platt/Getty Images)


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