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Strength of the Market
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The Strength of the Market is: Strong

The month came to an end on Friday, a positive month for investors. For January, the S&P 500 gained 1.4%, the Dow Jones added 1.7% and the Nasdaq increased by 1%. In addition, the Russell 2000, which is focused on smaller companies, jumped more than 5% in January. The main news last week was President Trump's choice for the next Federal Reserve Chairman, Kevin Warsh. Warsh has experience as a Federal Reserve governor and has a strong stance against inflation. In other news, investors have been analyzing corporate earnings reports. Last week, Apple, Tesla, Facebook and Microsoft all reported their earnings numbers, beating Wall Street expectations. Though, their stocks swung in various directions. This week, Google and Amazon will report their corporate earnings.


Economic reports from last week came back mixed:

•Consumer Confidence - lower than expectation

•Labor Productivity - in-line with expectation

•Inflation (Producer) - higher than expectation

•Jobless Claims - higher than expectation

 

This week, investors will look for guidance from economic reports like Vehicle Sales, Job Openings, Employment, Consumer Sentiment, Consumer Credit and Jobless Claims.

 
 
 

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