February 13, 2017-U.S. stocks advanced for a third straight week, with all three major domestic equity indices finishing the week at all-time highs. Investors’ bullish appetites were sparked after President Trump announced that he will be releasing details on a “phenomenal” tax plan in the coming weeks.
February 6, 2017-U.S. stocks finished solidly higher Friday, with a rally in financials pushing most domestic equity indices to a small weekly gain. Investor optimism was renewed after President Trump signed executive orders to delay the April implementation of the DOL fiduciary rule and conduct a review of the 2010 Dodd-Frank regulations.
January 17, 2017-Most stocks advanced on Friday, with the S&P 500 paring a modest weekly decline, while the NASDAQ Composite posted a near 1% gain last week, finishing at a fresh record high. Investor confidence in the economy was bolstered by generally positive economic data, including a strong pick-up in December retail sales.
January 3, 2017-The S&P 500 ended a solid year with a third weekly loss in the past five, trimming its 2016 total return to 11.96%, its strongest annual performance in two years. Also inclusive of dividends, the Dow Industrials surged 16.50% in 2016, its best year since 2013, while the NASDAQ Composite returned 8.87%.
December 27, 2016-U.S. stocks edged fractionally higher last week, while Treasuries capped their first weekly gain since the election. The Dow Industrials spent the week testing the 20,000 level, but the new milestone remained elusive. The blue-chip index closed within 0.25% of that level for the first time on Tuesday before paring gains.