FYI: The Dow Jones Industrial Average slipped Friday but was on track to notch its biggest three-week gain since the period following the 2016 election, a dramatic bounceback from its late-December selloff.
Investor appetite for stocks returned in recent trading sessions, boosted by a rebound in energy prices, data suggesting the U.S. economy is still growing, reassurances from the Federal Reserve that it will adjust its pace of tightening monetary policy if needed, as well as by hopes for progress in U.S.-China trade relations.
The Dow industrials are up nearly 10% since their Christmas Eve trough, rising roughly 6.5% over the past three weeks. On Friday, the blue-chip index fell 6 points, or 0.3%, as falling energy prices dragged oil-and-gas companies lower, a reminder of how tenuous gains are when markets are choppy.
The S&P 500 slipped 0.2% in trading. Energy companies in the index fell the most, down 0.8%, as the price of U.S.-traded crude oil fell for the first time in almost two weeks. The Nasdaq Composite declined 0.21%.
Five of the eleven S&P 500 Sectors were up led bu Consumer Staples.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/stocks-on-track-for-weekly-gains-as-growth-fears-ease-11547196401Bloomberg:
https://www.bloomberg.com/news/articles/2019-01-10/asian-stocks-poised-for-gains-treasuries-slip-markets-wrapIBD:
https://www.investors.com/market-trend/stock-market-today/small-caps-stock-market-3/Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-rally-pauses-as-investors-await-corporate-earnings-reports-idUSKCN1P51FSCNBC:
https://www.cnbc.com/2019/01/11/stock-market-dow-under-pressure-as-investors-await-inflation-data.htmlU.K.:
https://www.marketwatch.com/story/fresh-round-of-brexit-warnings-fail-to-halt-ftse-climb-2019-01-11/printEurope:
https://www.marketwatch.com/story/european-markets-up-despite-latest-auto-and-retail-woes-2019-01-11/printAsia:
https://www.marketwatch.com/story/asian-markets-mixed-as-china-inflation-data-offsets-trade-talk-hopes-2019-01-09/printBonds:
https://www.cnbc.com/2019/01/11/bond-markets-us-treasury-yields-focus-on-fed-chair-comments.htmlCurrencies:
https://www.cnbc.com/2019/01/11/forex-markets-dollar-the-fed-in-focus.htmlOil:
https://www.cnbc.com/2019/01/11/oil-markets-us-china-trade-opec-in-focus.htmlGold
https://www.cnbc.com/2019/01/11/bond-markets-us-treasury-yields-focus-on-fed-chair-comments.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx
