|Day's Range||N/A - N/A|
|52 Week Range||undefined - undefined|
Market recap for Friday, January 19th 2018
Discussing the winners and losers of the market at the closing bell with CNBC Contributor Evan Newmark and Jim Cahn, Wealth Enhancement Group.
The S&P 500 rose to a fresh record as investors focused on corporate earnings and largely brushed off the threat of a U.S. government shutdown.
Were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter.” So wrote Thomas Jefferson, the third U.S. president, and Washington, as in the nation’s capital, seemed to be making the same choice, notwithstanding the low esteem in which the Fourth Estate is held there. The federal government was set to shut down after midnight on Friday, barring congressional approval of legislation to keep it operating for another month. The measure, already passed by the House of Representatives, required 60 votes in the Senate.
The S&P 500 rose 0.9% this week after gaining 0.4% to 2810.30 today, while the Dow Jones Industrial Average climbed 268.53 points, or 1.04%, this week after advancing 53.91 points, or 0.2%, to 26,071.72. The Nasdaq Composite jumped 1% this week after gaining 0.6% to 7336.38 today. The S&P 500 and Nasdaq finished the week at all-time highs.
On a day the major indexes rose, American Express slumped after the company announced earnings and a big tax bill, and Atlassian fell despite reporting a strong quarter.
World equity markets climbed to a record on Friday as the U.S. dollar held near three-year lows and a U.S. government shutdown loomed, while U.S. Treasury yields continued their ascent to hit their highest levels since September 2014. Democratic Senate leader Chuck Schumer met with President Donald Trump at the White House to search for ways to avert a U.S. government shutdown, but Schumer said afterward that disagreements remained as the clock ticked toward a midnight deadline to pass a funding bill. Legislation to stave off an imminent federal government shutdown encountered obstacles in the Senate on Thursday night, despite the passage of a month-long funding bill by the House of Representatives hours earlier.
Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed. The Dow Jones Industrial Average rose 53.71 points, or 0.21 percent, to 26,071.52, the S&P 500 ...