Daily Stock Market News Jan. 18, 2017: The three major stock indices closed mixed and nearly unchanged, just two days before the inauguration of Donald Trump. The Fed Chairwoman, Janet Yellen, indicated she feels that the economy is on target for both inflation and employment. See more market news and today’s closing prices.
U.S. Stock Market Closing Prices Jan. 18, 2017:
Dow Jones Industrial Averages: 19,804.72 -22.05 (0.11 percent)
S & P 500: 2,671.89 +4.00 (+0.18 percent)
NASDAQ: 5,555.65 +16.93 (+0.31 percent)
Crude Oil: $52.18 percent
Today’s Stock Market and Economic News:
Two days before the inauguration of Donald Trump, he is being handed an economy which is in much better shape than the economy Obama was handed by his predecessor. According to Federal Reserve Chairwoman Janet Yellen, the economy is close to where they want it to be in both employment and inflation.
Both a growing manufacturing sector and a tightening labor market also indicate economic health.
Netflix was one stock which had a particularly good day, after they announced that their subscriber base had increased by 25 percent last year.
If things remain the same, it looks like we can expect a few more interest rates hikes in the next couple of years.
Despite the huge bump the stock market has gotten the last few weeks, retail stocks continue to get hit hard.
Last Year’s Stock Market and Economic Highlights for 2016:
If you wish to compare 2017 to 2016, here are a few of the most notable events in the stock market and the economy last year:
The Dow Jones Industrial Average rose 13.4 percent during 2016.
The S&P 500 climbed over 9 percent in 2016.
The Nasdaq was up over 7 percent during the year.
Average hourly wages were up over 2.4 percent during the year.
Unemployment dropped to 4.7 percent by the end of 2016.
Over 2 million new jobs were added to the economy during the 2016 (11.3 million jobs created during the Obama administration, with job growth for a record 75 straight months).
In 2016, auto sales hit a new record high of 17.5 million.
According to the Openfolio app, 77 percent of investors in the stock market made money in 2016. The average investor made just over 5 percent in 2016.
The Federal Reserve raised their benchmark interest rate once … in Dec., 2016.
Home prices ended the year at all-time highs.
Twitter.com / MSN Money / Market Watch / YahooFinance / Bloomberg / Reuters / Wall Street Journal and other public news sources
Share with your friendsFollow Us