The stock market delivered a selectively constructive, but
, session today
. At the close of trading, the Dow Jones Industrial Average was ahead 81 points; the broader S&P 500 Index was off one point; and the NASDAQ was higher by 13 points. The sentiment was generally positive today, as advancers outnumbered decliners on the NYSE.
Though overall market breadth was largely mixed
on Tuesday, some auspicious developments regarding tax reform
helped to drive several pockets of the market higher. Financials, healthcare, and telecommunications stocks were the leaders, with technology and utilities (another one of Monday’s stalwarts) somewhat offsetting that optimism. As the closing bell neared, the S&P 500 and Dow each slipped from their all-time intraday highs set around noon, but still remained well above their breakeven lines. Tomorrow’s decision by the Fed, as well as a new Consumer Price Index reading, will complement tax reform as the main factors likely to influence trading.
The major U.S. indexes shook off early-morning volatility
on Monday afternoon
. The gains
by strength in the energy
and technology sectors
, which helped to negate jitters following the terrorist attack near New York’s Times Square
. The tech-laden NASDAQ was accordingly the best-performing large-cap composite. With a dearth of updates on the tax reform front, which has been the primary headline-grabbing factor in recent weeks, investors in small-cap equities are apparently collecting some profits.
An upbeat November jobs report propelled the bulls on Friday, with each of the three major indexes registering
strong full-day gains. As per the U.S. Bureau of Labor Statistics, it reported nonfarm payrolls had increased 228,000 positions last month, beating expectations. The average hourly wages grew slightly, while the unemployment rate remained by its 17-year low of 4.1%. This set the stage for a mostly uninterrupted rally to close the week.
Equities moved nicely higher this morning
, pulled back around noon
, but managed to firm up selectively late in the session
. At the end of trading, the Dow Jones Industrial Average was up 71 points; the broader S&P 500 Index was ahead eight points; and the NASDAQ was higher by 36 points. Market breadth was supportive, as advancers outpaced decliners on the NYSE.
The major U.S. indexes were up-and-down early on Wednesday, before each settled into range-bound paths that persisted through most of the final hours. The NASDAQ 100 continued to recover from its trying open to the week and outperformed its blue chip and broad-based counterparts. The Dow struggled to remain above its breakeven line and saw more selling pressure in the final hour of trading. The S&P 500 was a little more resilient, while the small-cap Russell 2000 traded firmly in the red for most of the day.
After posting selective gains through most of the morning hours, the market adopted a negative tone during the second half of Tuesday’s trading
. The primary factor at play remains the Senate’s recently approved tax reform bill, which sent the Dow and S&P 500 to all-time highs early in the week. Since yesterday’s opening bell, however, investors appear to be taking advantage of the elevated valuations as the specifics of the proposal are digested.
The stock market
put in a mixed performance today
, as we headed into a new week on Wall Str
eet. At the close of trading, the Dow Jones Industrial Average was ahead 58 points; the broader S&P 500 Index was off a few points; and the NASDAQ was lower by 72 points. Market breadth showed a divided session, as winners were about even with losers on the NYSE.
The major U.S. indexes
spent Friday afternoon recovering from their midday plunge, which occurred after it was reported that former National Security head Michael Flynn admitted to the FBI that the Trump Administration directed him to communicate with a Russian envoy. The late-morning news sent the Dow
, S&P 500
, and NASDAQ
100, which were all mixed in the opening hours, steeply lower. The small-cap Russell 2000 composite also registered a significant drop. As it relates to the stock market, investors are wary that increased focus on this investigation will distract from key economic policies, such as tax reform, which was the other major factor influencing today’s trading.
The stock market delivered a strong performance today
, with traders seeming to be more confident that the Trump Administration’s tax plan will be approved. At the close of trading, the Dow Jones Industrial Average was ahead 332 points; the broader S&P 500 Index was up 21 points; and the NASDAQ was higher by 50 points.