Stock Market Rises on Good 4th Quarter 2016 Results – Jan. 24, 2017

Daily Stock Market News Jan. 24, 2017:  Stock futures were flat this morning as big investors begin to absorb the fourth quarter 2016 profit reports and evaluate how different industries will be affected by the Trump presidency and Republican Congress.  Meanwhile, the stock market can be expected to drift up and down, until analysts have more clarity.  The Dow was up over 100 points on positive earnings reports for 2016.  See more market news and today’s closing prices.

stock-market-graphic- stock market

U.S. Stock Market Closing Prices Jan. 24, 2017:

Dow Jones Industrial Averages:  19,912.71  +112.86  (+0.57 percent)

S & P 500:  2,280.07  +14.87  (+0.66 percent)

NASDAQ:  5,600.96  +48.01 (+0.86 percent)

Crude Oil:  $52.95 a barrel

Today’s Stock Market and Economic News:

Jobs may be high on President Trump’s agenda, but it is going to be difficult to get unemployment much lower.  New unemployment claims are at a 43 year low.

One change which lawmakers need to consider is the aging of the workforce.  After years in which Social Security benefits have not risen or only risen slightly, combined with the inability of most Americans to save money for retirement, many Baby Boomers are financially unable to stop working.

Farmers are concerned about Trump’s decision to withdraw from the TPP because it could reduce their ability to ship their products overseas.

After the Aetna-Humana merger was denied this week, not only are the CEOs of those two companies concerned about their path forward, but other companies which have planned mergers are nervous, as well.

Later this week, President Trump and other GOP leaders will be meeting in Philadelphia for a policy retreat.  The goal is to get everyone on the same page while dealing with changes to a variety of programs.

Among the issues the Republicans will be discussing are environmental regulations.  Trump said this morning he believes environmental regulations are out-of-control.

It is earnings season this week.  Here are the companies which are reporting:

Many investors will be carefully monitoring the earnings reports and Trump decisions.  Meanwhile, stock future are flat.

The Economic Record under the Past Few Presidents:

Jobs

Median monthly jobs added
Obama:  186,000 a month
Bush:        61,000 a month
Clinton:  252,000 a month

Wages

Median yearly net wage growth
Obama:     2.2 percent
Bush:        3.3 percent
Clinton:    3.5 percent

Markets

Average of compound annual growth rate for S&P 500 Total Returns
Obama:   15.52
Bush:      -3.82
Clinton:   17.44

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.

Resources:

Twitter.com / MSN Money / Market Watch / YahooFinance / Bloomberg / Reuters / Wall Street Journal and other public news sources

Statistics on the past three presidential administrations:  marketwatch.com/story/the-trump-scoreboard-track-the-markets-and-economy-under-trump-in-one-graphic-2017-01-20?link=sfmw_tw


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