Published: Sat, January 13, 2018
Business | By Max Garcia

Dow jumps 135 points to record

Dow jumps 135 points to record

The Dow Jones Industrial Average climbed almost one percent, adding 205.6 to a close of 25,574.73. "It should generate more than a billion dollars flowing into the bottom line", said Ron Weiner president and founder of RDM financial in Westport Connecticut.

S&P 500 measures the performance of 500 widely held common stocks of large-cap USA companies.

The Nasdaq gained 58.21 on the day, finishing trading at 7,211.78, while the S&P 500 ended the session at 2,767.56, 19.33 higher than it began the day. In fact, the roughly 4.3% rise for the Dow Jones Industrial Average and more than 4% rise for the S&P 500 index so far in 2018, represent the best start to a year since 2003, according to WSJ Market Data Group. The tech-heavy Nasdaq Composite Index is up by more than 5 percent.

Amazon rose 1.89 percent to breach $1,300 for the first time, while Home Depot rose 1 percent and Walmart 0.6 percent.

Bank stocks also gained from a rise in Treasury yields after underlying US consumer prices for December posted their biggest gain in 11 months, signaling a pickup in inflation.

The Dow is up 507.32 points, or 2 percent.

Advancing issues outnumbered decliners on the NYSE by 1,557 to 1,220.

Like this: