U.S. stocks are in rally mode to kick off the week after Senate Republicans passed a tax reform bill early Saturday morning. After tumbling 300 points at one point on Friday and ending a five day winning streak to close out the day down 0.2%, the Dow is once again soaring up over 1% in early trading today.
US stocks were higher in the holiday-shortened week, as investors snapped a two week losing streak ahead of the busy holiday shopping weekend. The Dow Jones and S&P500 advanced 0.9% on the week, while the Nasdaq rallied 1.6% as the e-commerce giant, Amazon Inc. paced gains.
U.S. stocks are drifting higher as we head into the Thanksgiving week holiday. In early trading, the Dow is up .34% and the S&P500 is trading up .1%. The U.S. markets will be closed on Thursday for the holiday and only open for a half day on Friday. All of the main benchmarks closed out last week with losses for the second straight week.
On Friday, U.S. stocks closed lower ending a string of positive weeks that began in early September. The Dow was down 0.5% for the week and the S&P500 and Nasdaq were both 0.2% lower.
US stocks continued their record run last week with large-cap stocks notching their eighth consecutive weekly advance. The Nasdaq paced gains with a 0.9% advance on the week, while the Dow Jones Industrial Average and S&P500 inched higher with 0.4% and 0.3% gains respectively.
U.S. stocks have opened this morning in the red, pushed lower by losses in the healthcare and consumer staples sectors. On Friday, the S&P500 and the tech-heavy Nasdaq closed at record levels following better than expected quarterly results from market monsters Amazon, Microsoft, Alphabet Inc. and Intel Corp.
US stocks continued their record advance last week, notching gains across the board and touching record highs for the sixth week in a row. The Dow Jones Industrial Average set the pace with a strong weekly advance of 2.0%, while the S&P500 and Nasdaq gained 0.9% and 0.4% respectively.
U.S. stocks finished last week once again on a positive note. For the Dow and S&P500 it was the fifth straight week of gains and the third straight for the tech heavy Nasdaq. The three major indices hit record intraday highs on Friday and ultimately posted gains for the session.
Happy Columbus Day! U.S. stock markets are open today but the bond markets are closed for the holiday. The result will probably be a lighter than usual trading day for U.S. stocks.
The world woke up this morning to the tragic news of the worst mass shooting in U.S. history. More than 50 people are reported dead and over 400 injured in Las Vegas after a gunman opened fire from his 32nd floor hotel room into a crowd at a country music concert on Sunday evening.