|Day's Range||7,297.2847 - 7,336.3799|
|52 Week Range||5,522.6899 - 7,336.3799|
Market recap for Friday, January 19th 2018
Yahoo Finance’s Rick Newman speaks to Alexis Christoforous on how the markets did better in Obama’s first year in office than in Trump’s.
Discussing the winners and losers of the market at the closing bell with CNBC Contributor Evan Newmark and Jim Cahn, Wealth Enhancement Group.
According to Gartner Research, global spending on information technology (or IT) is estimated to reach a whopping $3.7 trillion in 2018. Global spending on IT in 2017 was $3.5 trillion, which was 3.6% higher than 2016. Spending on IT, however, could be affected by macroeconomic factors such as currency fluctuations and the Brexit.
Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed. The S&P 500 and the Nasdaq hit record closing highs, while the Dow ended the day higher after trading in a narrow range. Nike Inc, Philip Morris International Inc and Home Depot Inc rose between 1.5 percent and 4.8 percent on upbeat analyst expectations, helping to boost the S&P 500.
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 ...
Recently, Facebook’s (FB) CEO (chief executive officer) Mark Zuckerberg said the company will totally revamp its news feed section. Zuckerberg also hopes that the revamp will lead to more interaction among users. Facebook is now making another change with that in mind.
The S&P 500 and the Nasdaq rose on Friday, led by gains in consumer stocks and hitting intraday highs, even as a possible government shutdown loomed. The Dow was barely changed in choppy trade. Nike, Philip ...
The S&P 500 and the Nasdaq edged higher on Friday following positive brokerage recommendations on a bunch of consumer names, but the Dow was reined in by losses in IBM. Philip Morris, Nike and Home Depot rose between 1.3 percent and 4 percent as analysts expect lower taxes and improving trends to boost their earnings.
On Thursday, January 18, 2018, Pimco, one of the world’s largest asset management firms, said that it’s time for investors to be cautious. The global economic adviser at Pimco, Joachim Fels, recently shared his view on the market in an interview with Bloomberg TV. PIMCO wrote, “The fact that the fear is gone is the main reason why we should be worried.
The S&P 500 and the Nasdaq were prodded higher by gains in consumer stocks, while investors played down fears of a looming U.S. government shutdown. Philip Morris, Nike and Home Depot were the main drivers of the S&P, following positive brokerage recommendations on their stocks. Amazon's 1 percent rise after its move to hike monthly fees for Amazon Prime service helped the Nasdaq.