spent most of the morning well into positive territory, a welcome change of pace from the cautious tone that has typified most of the week. Though earnings season is under way
, and updated select economic data were released throughout the week, today’s inauguration ceremony has been the primary concern for investors. But, as trading began and the bears and bulls jostled for control, the latter asserted dominance.
Equities moved lower
today, but some buying late
in the afternoon helped minimize the damage
. At the close of trading, the Dow Jones Industrial Average was off 73 points; the broader S&P 500 Index was down eight points; and the technology heavy NASDAQ was lower by nearly 16 points.
mostly continued on the same directionless path forged during morning trading, as investors await Friday’s inauguration ceremony and parse through newly released data. Advancing and declining shares were roughly equal throughout the day, while half of the major market sectors reported gains at the end of the session. The indexes were mixed
, and largely range-bound
, further suggesting a holding pattern by investors
before Donald. J. Trump takes office.
opened lower, weakened further in the early afternoon, before recovering some ground in the final hour of the session. At the close of trading, the Dow Jones Industrial Average
was down 59 points; the broader S&P 500 Index was off seven points; and the NASDAQ was lower by 39 points. Market breadth was negative, as losers were slightly ahead of winners on the NYSE.
held control of the market for most of Friday, a welcome break from the volatility that typified most of the week’s trading. Mixed-to-positive economic releases on producer prices, retail activity, and business inventories helped to instill a mostly positive tone that revealed itself in the large- and small-cap equity markets alike. At the closing bell
, gaining shares had a 1.5-to-1 edge over declining issues.
put in a volatile
and weaker session
today. Specifically, the market declined considerably at the outset, but managed to pare its losses throughout the afternoon. At the close of trading, the Dow Jones Industrial Average was down 63 points; the broader S&P 500 Index was off five points; and the NASDAQ was lower by 16 points.
with a broad-based rally
, before statements
made by President-elect Trump pulled averages lower
for a time. His anticipated policies, ranging from a reduction of corporate tax obligations to the doing away of a swath of regulatory measures, have driven the market to historic highs in recent months. Today’s remarks added some clarity, but also led to a several-hour streak of volatility that the bulls struggled to shake until the final few hours of trading
The U.S. stock market
put in a choppy performance today
. Specifically, the major averages moved nicely higher by late morning, but pulled back around midday, ending the session on a mixed note. At the close of trading, the Dow Jones Industrial Average was down 32 points; the broader S&P 500 Index was unchanged; and the NASDAQ was higher by 20 points. Market breadth was favorable, for the most part, as winners were ahead of losers on the NYSE.
The equity markets
started out the week with a mixed-to-weaker performance
. At the close of the day, the Dow Jones Industrial Average was down 76 points; the broader S&P 500 Index was off eight points; while the NASDAQ was higher by 11 points. Market breadth showed a somewhat negative bias to today’s session, with declining issues moderately ahead of advancers on the NYSE. Most of the major equity sectors landed in negative territory, with notable losses in the energy and utility issues.
U.S. stock prices
traded higher on Friday, a turnaround from the bearish market tone exhibited on Thursday. But the tentative path forged early yesterday trading gave way as we approached lunchtime in New York, when a broad-based rally began. The run up persisted nearly uninterrupted, save for some short-lived profit-taking campaigns. In fact, the Dow Jones Industrial Average rose to within a fraction of a point from hitting 20,000, and came close on several occasions thereafter. The NASDAQ, which has flirted with its own milestone, set a new intraday trading high when it crossed the 5,500-point marker definitively in the early afternoon.