Wall Street Rises as Financials, Tech Advance
- 6 years ago
Wall Street Rises as Financials, Tech Advance
NEW YORK — U. S. stocks edged higher in light trading on Thursday, buoyed by gains in financial stocks
and as technology stocks continued to slowly recover from a losing skid.
Bill Northey said that This needs to and has been an earnings-driven market and
that is where you’ve seen a tremendous amount of the earnings momentum and visibility, we would expect that to continue into next year,
Northey said that Clearly light volume, low volatility has been the flavor of the week, post holiday,
and don’t expect that to change going into the close tomorrow,
The Dow Jones Industrial Average rose 63.21 points, or 0.26 percent, to 24,837.51, the S&P 500 gained 4.92 points, or 0.18 percent, to 2,687.54
and the Nasdaq Composite added 10.82 points, or 0.16 percent, to 6,950.16.
The benchmark S&P 500 has climbed nearly 20 percent this year, on track to record its biggest
annual gains since 2013, boosted by robust economic growth and solid corporate earnings.
The rally is widely expected to extend into 2018, boosted by gains from a new law that lowers the tax burden on U. S. corporations.
Tech stocks added 0.1 percent and notched their second straight gain on the heels of a five-session losing skid.
NEW YORK — U. S. stocks edged higher in light trading on Thursday, buoyed by gains in financial stocks
and as technology stocks continued to slowly recover from a losing skid.
Bill Northey said that This needs to and has been an earnings-driven market and
that is where you’ve seen a tremendous amount of the earnings momentum and visibility, we would expect that to continue into next year,
Northey said that Clearly light volume, low volatility has been the flavor of the week, post holiday,
and don’t expect that to change going into the close tomorrow,
The Dow Jones Industrial Average rose 63.21 points, or 0.26 percent, to 24,837.51, the S&P 500 gained 4.92 points, or 0.18 percent, to 2,687.54
and the Nasdaq Composite added 10.82 points, or 0.16 percent, to 6,950.16.
The benchmark S&P 500 has climbed nearly 20 percent this year, on track to record its biggest
annual gains since 2013, boosted by robust economic growth and solid corporate earnings.
The rally is widely expected to extend into 2018, boosted by gains from a new law that lowers the tax burden on U. S. corporations.
Tech stocks added 0.1 percent and notched their second straight gain on the heels of a five-session losing skid.