Today was the last trading day of January, and the results are in:
Stocks had their best January in over 30 years!
The last time stocks had such an impressive run in January was in 1987, the year “Fatal Attraction” was in the theaters.
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Here’s where the major indices ended January:
- S&P: Up 7.9% for the year
- DOW: Up 7.2% for the year
- NASDAQ: Up 9.7% for the year
And here’s where the major indices ended the day:
- The S&P finished with a 0.9% gain. Up 23 points, the S&P ended at 2704.
- The DOW ended flat. Losing 15 points, the DOW closed at 24,999.
- The NASDAQ was down 0.2%. With a 15 point loss, the NASDAQ finished at 7,167.
- Bitcoin finished lower by 0.5%. Down $17, Bitcoin ended at $3,420.
Crude Oil (CL) finished lower today. Down 1.0%, CL ended at $53.77 a barrel.
Facebook (FB) reporting better than expected profits for the last quarter. driven by a surge in advertising income. FB finished up 10.8% today.
General Electric (GE) beat revenue expectations and told investors that they have $4.9 Billion in “free cash”. GE surged 11.65%.
DowDuPont (DWDP) shares sank 9% after the company reported worse than expected revenue.
Here is the economic calendar for the week:
Real Time Economic Calendar provided by Investing.com.
Source: RockwellTrading by Markus Heitkoetter | Original Link