January 23, 2017-U.S. stocks closed higher on Friday, retracing most intra-day gyrations associated with Donald Trump’s presidential Inauguration Day speech ,which many investors noted as overly protectionist. Yet Trump’s first speech as president also included a renewed pledge to build new roads and bridges.
Weekly Vantage Point
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.
December 19, 2016-U.S. stocks slipped on Friday on concerns regarding China’s navy seizing a U.S. underwater drone in international waters in the South China Sea. Equities ended the week narrowly mixed with the Dow Industrials climbing within 0.5% of 20,000,and for the week, outpaced the broader S&P 500 and NASDAQ Composite, which fell fractionally.
November 21, 2016 - U.S. stocks rose for a second week, extending the rally resulting from Donald Trump's surprise election as investors speculate the president-elect’s developing policies will encourage faster-paced growth. The S&P 500 has added nearly 3% since Election Day, led by a surge in financial and industrial shares.