The U.S. stock market
largely shook off fears of a government shutdown on Friday, with the majority of equities advancing over the course of the session. The indexes were more mixed, especially early on, but the S&P 500 and NASDAQ 100 eventually realized solid gains in the afternoon hours
, rising once more to new intraday highs in the final half hour of trading. The Dow was less impressive, but did rebound from a 60-plus point deficit and finished the day in positive territory, back above the 26,000-point threshold. Overall, gaining shares essentially doubled declining issues.
On a day that saw many equities slip from recently set all-time highs
, the major U.S. indexes exhibited modest weakness. The Dow, which opened slightly higher, fell quickly into the red
and scarcely showed signs of a recovery. The S&P 500 and NASDAQ were a bit more resilient at times, with each composite group rising briefly above their respective breakeven line in the afternoon. But a late-day selloff saw each index fall sharply, while overall breadth favored declining issues (which outnumbered advancers two-to-one).
The stock market opened solidly higher this morning
, and managed to aggressively build upon these gains through the afternoon
. At the end of the session, the Dow Jones Industrial Average was up
323 points and closed over 26,000
; the broader S&P 500 Index was ahead 26 points; and the NASDAQ was higher by 75 points.
The equity markets
delivered a mixed-to-weaker performance today
in a highly volatile trading session
, as Wall Street returned
from a holiday weekend
. Specifically, stocks opened sharply higher this morning, but the gains fizzled as the day progressed. At the close of trading, the Dow Jones Industrial Average, after breaking through the 26,000 mark earlier today, ended down 10 points; the broader S&P 500 Index was off 10 points, as well; and the NASDAQ was lower by 37 points.
Wall Street didn’t miss a beat on Friday ahead of a three-day holiday weekend, and as earnings season got under way.
Stocks rose strongly as companies reporting fourth-quarter 2017 results provided early confirmation that the optimism
surrounding recent changes in the tax code will create bottom-line benefits going forward
The bulls bounced back on Thursday
and in a big way, offsetting midweek softness and pushing the major market indexes to historic highs. The gains occurred gradually from the opening bell until mid-afternoon, when each stabilized near their final level. The tech-laden NASDAQ led the way for the large caps
, though the S&P 500 and Dow Jones Industrial Average also posted respectable advances.
The U.S. equity markets traded generally lower on Wednesday
, though the major indexes pared losses from their early-morning nadirs
. The soft opening hour, we think, can be dually blamed on ongoing fatigue by the bulls, which has opened up an opportunity for investors to collect profits, and news from China
. Officials from Asia’s superpower remarked that U.S. bonds were becoming less attractive
, which precipitated the temporary selloff. Also weighing on sentiment
from the geopolitical front was concern over the fallout of the United States’ potential exit from NAFTA
The equity markets made some irregular progress today, despite softening a bit in the late afternoon. At the close of trading, the Dow Jones Industrial Average was ahead 103 points; the broader S&P 500 Index was up four points; and the NASDAQ was higher by six points. Nonetheless, there were some areas of weakness in the market today, as decliners outpaced advancers by a narrow margin on the NYSE.
The U.S. stock market put in a mixed performance today. At the close of trading, the Dow Jones Industrial Average was down 13 points; the broader S&P 500 Index was up five points; and the NASDAQ was higher by 21 points. Market breadth was favorable, as advancers outpaced decliners on the NYSE. From a sector perspective, the utilities, energy, and basic materials issues displayed leadership
, while the healthcare and financial stocks lost ground
The bulls shook off a somewhat disappointing December jobs report on Friday, capping off the strongest opening week to a year in over a decade. The implementation of a 21% corporate tax rate has been a boon for stocks,
with investors willing to look past the occasional miss from the business beat in favor of a more auspicious profit outlook.