Daily Stock Market News Jan. 25, 2017: Traders cheered on the floor of the stock exchange today when the Dow Jones crossed the 20,000 barrier. Uncertainty about the future continues, but today investors were jubilant. See more market news and today’s closing prices.
U.S. Stock Market Closing Prices Jan. 25, 2017:
Dow Jones Industrial Averages: 20,068.51 +155.80 (+0.78 percent)
S & P 500: 2,298.37 +18.30 (+0.80 percent)
NASDAQ: 5,656.34 +55.38 (+0.99 percent)
Crude Oil: $52.88 a barrel
Today’s Stock Market and Economic News:
Volatility in the stock market continues, with the Dow Jones rising over the 20,000 mark for the first time. This event brought cheers to the floor of the stock market and encouragement to investors. How high can it go?
The S&P 500 futures also hit record highs today. Of course, the minute stocks begin to hit record highs, some investors begin to wonder when things will start to fall.
The biggest factor which will be affecting the stock market in the coming months is uncertainty. Even the World Bank is concerned about it.
One issue which is contributing to uncertainty is the fact that many trade agreements will be renegotiated, and the leader of every country is vowing to put their country first. Increasing protectionism around the world will complicate these deals.
Bank officials appear to be experiencing their own uncertainty, since the executives of J.P. Morgan, Morgan Stanley, and Goldman Sachs have sold nearly $100 million in stock since Donald Trump was elected.
Below is an interesting chart which shows how the Dow Jones Industrial Averages did during the administration of every president in the past 116 years.
The Economic Record under the Past Few Presidents:
Median monthly jobs added
Obama: 186,000 a month
Bush: 61,000 a month
Clinton: 252,000 a month
Median yearly net wage growth
Obama: 2.2 percent
Bush: 3.3 percent
Clinton: 3.5 percent
Average of compound annual growth rate for S&P 500 Total Returns
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.
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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